Introduction to VEX - A Catalyst for Collaborative Innovation

AN INTRODUCTION TO VEX A Catalyst for Collaborative Innovation

© 2014 VEX Ventures Limited. All rights reserved.

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• Innovation is fundamental to ensuring every organisation’s future viability

!

• Few innovation challenges are unique to a single organisation

!

• Collaborative innovation can reduce costs & risks for participants whilst accelerating the search, selection & implementation process


Why collaborate for innovation?

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Collaborative Innovation Networks


Our Vision To see the economy led by a new generation of responsible businesses that succeed through the collaborative creation of enduring value for society and the environment.

Our Mission To be an world class catalyst for the collaborative exploring, testing and scaling of innovative solutions to pressing business issues.

VEX delivers an effective process of collaborative innovation that: !

• builds networks of business partners, subject matter experts, academics, NGOs and entrepreneurs

!• focuses on innovation challenges to meet the strategic aims of its

partners !

• facilitates an holistic approach to innovation !

• facilitates collaborative ideation, testing and scaling !

• provides a secure, neutral platform with comprehensive IP protection !

• exposes partners to potential disruptive innovation


Our Value Proposition

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How do we do it?Through a simple yet robust StageGate framework facilitated by the VEX team

0 1 2 3 4StageGate

Identify challenges

Explore solutions

Test new ideas

Develop business case

Scale the innovation

VEX Business Partners

Open Innovation -

on/offline

VEX Community -

on/offlineResources VEX

Advisory Exit

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The VEX Community

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VEX Business Partners form the bedrock of the VEX Community. Progressive, innovative organisations with a shared belief that great ideas flow from collaborating with others outside their own walls. !VEX Business Partners are critical to setting the innovation agenda at VEX. As members of our Advisory Board, you will plan and agree an annual programme of activity for the VEX Community by identifying real and pressing business challenges that you share with other Business Partners. !The VEX Process is then leveraged to generate new ideas that can be tested and evaluated collaboratively. !At VEX, we keep an open-minded view of innovation - we don’t predetermine an innovation challenge as being product or process orientated - preferring to focus on clearly framing a problem, then bringing together the smartest collection of people we can to collaborate on solutions.


VEX Business Partners

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VEX Associates are the glue of the VEX Community. Progressive, innovative and independent specialists with a shared belief that great ideas flow from collaborating with others outside their own discipline and with organisations at the coalface. !VEX Associates are critical to building and developing the VEX Community. They play a key role in helping VEX Business Partners to generate ideas, test and evaluate new solutions to identified business challenges. !You will bring fresh insight, perspectives, expertise and energy to the collaborative innovation process as an entrepreneur, small business owner, inventor, subject matter expert or business advisor. !VEX keeps an open mind on innovation - we focus on clearly framing a problem and then bringing together the smartest collection of people we can to collaborate on solutions.


VEX Associates

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VEX Fellows form the backbone of the VEX Community. Progressive, innovative and thinkers with a shared belief that great ideas flow from collaborating with others outside their own discipline and with organisations at the coalface. !VEX Fellows are key to setting the agenda at VEX. They play a key role in helping VEX Business Partners to plan and agree an annual programme of activity for the VEX Community. !Becoming a VEX Fellow is by nomination or invitation only and selection is rigorously based upon distinguished expertise or service in areas of relevance to the VEX Community. !Over time the VEX Fellowship will build into a high-level and exclusive social network of leading innovators across business, government, civil society and academia. It will be supported through a variety of online and offline tools to strengthen the bonds between its Fellows.


VEX Fellows

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• Employee engagement - an energising experience !

• Improved idea generation through open innovation !

• Reduced risks & costs of testing / evaluating ideas !

• Accelerated speed to implementation !

• Improved organisational performance & competitiveness


The benefits?

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VEX provides the following: • A combined 50+ years of experience in collaborative innovation

!• Deep experience of entrepreneurship, innovation management and

complex stakeholder communications !

• An extensive community of advisors, subject matter experts, academics and entrepreneurs to collaborate with

!• VEX is based in the Innovation Centre at the heart of University of Exeter

campus, with close links to the Business School


The VEX Advantage

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VEX VENTURES LIMITED Innovation Centre Rennes Drive Exeter EX4 4RN !T +44(0)845 527 7220 E [email protected] Twitter @VEXVentures Web http://www.vexventures.com
