An Innovation Mindset
The Idea Institute is a collaborative partnership of innovation leaders and change agents. Our events are active, energized and filled with spontaneous disruption and surprise.
We design opportunites to bring together diverse groups of iconoclasts who are unlikely to ever cross paths or intersect.
We design opportunites to bring together diverse groups of iconoclasts who are unlikely to ever cross paths or intersect.
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Unconference
DaVinci Teams “Disrupt or be disrupted” can be misleading. Responding to disruption, if it’s occurring, should not be an overreaction by dismantling a profitable business. INNOVATE FOR GROWTH + CREATING NEW DEMAND Great innovations start with addressing unmet needs of consumers and users, but finding the right demand isn’t easy, The Innovation Economy The economists agree that a combination of new scientific knowledge, rapid technological progress, rampant entrepreneurship in society, and the emergence of new high-speed networks have catalyzed our global economy. It is innovation – in the form of new technologies, processes, products, services, and business models – that is chiefly responsible for spurring the higher levels of productivity which are driving economic growth. Disruptive Innovation “Disrupt or be disrupted” can be misleading. Responding to disruption, if it’s occurring, should not be an overreaction by dismantling a profitable business. INNOVATE FOR GROWTH + CREATING NEW DEMAND Great innovations start with addressing unmet needs of consumers and users, but finding the right demand isn’t easy, We approach problem solving with creativity, design thinking, and engineering. Thinking like a designer (Design Thinking) builds the confidence to develop bold ideas and new possibilities. At the Idea Institute we challenge our cross disciplinary "DaVinci Teams" to explore boundaries across a broad market landscape and identify sectors that represent the best opportunities. We define where the opportunities are, how to develop them and which innovations have the potential to become market game-changers. DISCOVERING UNCLAIMED SPACE Identify, quantify and prioritize possible gaps in the market through growth strategies by uncovering unmet demand and prioritizing innovation opportunities. Determine whether innovations demonstrate potential for launch and deliver strategic priorities. |
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Creative and inspired ideas, experienced people and innovative approaches to solving some big problems.
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We explore how forces of change will impact an enterprise or entire industry and where, in that seemingly chaotic landscape, the next opportunity lies. While organizations know they need to innovate, they often don't know where to start or how to sustain it. We combine our innovation experience with your insights to form a strong, clear strategy for growth. The process starts with establishing your innovation ambition—the scale of possibility and risk that’s right for your organization. From there, we help you identify, structure, and leverage effective approaches. Tapping into our roots in organizational behavior, we work with you to transform insights into actionable tactics that help you outmaneuver competitors and advance your industry. Working with you, we’ll find answers to difficult questions, such as:
“Disrupt or be disrupted” can be misleading. Responding to disruption, if it’s occurring, should not be an overreaction by dismantling a profitable business. INNOVATE FOR GROWTH CREATING NEW DEMAND Great innovations start with addressing unmet needs of consumers and users, but finding the right demand isn’t easy, At the Idea Institute we challenge our cross disciplinary "DaVinci Teams" to explore boundaries across a broad market landscape and identify sectors that represent the best opportunities. We define where the opportunities are, how to develop them and which innovations have the potential to become market game-changers. DISCOVERING UNCLAIMED SPACE Identify, quantify and prioritize possible gaps in the market through growth strategies by uncovering unmet demand and prioritizing innovation opportunities. Determine whether innovations demonstrate potential for launch and deliver strategic priorities. Our research suggests that the success of this new enterprise depends in large part on keeping it separate from the core business. That means that for some time, incumbents will find themselves managing two very different operations. Of course, as the disruptive stand-alone business grows, it may eventually steal customers from the core. But corporate leaders should not try to solve this problem before it is a problem. What a Disruptive Innovation Lens Can Reveal It is rare that a technology or product is inherently sustaining or disruptive. And when new technology is developed, disruption theory does not dictate what managers should do. Instead it helps them make a strategic choice between taking a sustaining path and taking a disruptive one. The theory of disruption predicts that when an entrant tackles incumbent competitors head-on, offering better products or services, the incumbents will accelerate their innovations to defend their business. Either they will beat back the entrant by offering even better services or products at comparable prices, or one of them will acquire the entrant. The data supports the theory’s prediction that entrants pursuing a sustaining strategy for a stand-alone business will face steep odds: In Christensen’s seminal study of the disk drive industry, only 6% of sustaining entrants managed to succeed. When new technology arises, disruption theory can guide strategic choices. The Hatchery Fund
Sustainability The Hatchery is an early-stage venture fund that invests in entities that need proof of concept or full-scale commercialization. We provide advice and mentoring through our Business Development Group and consulting partners. We acquire the rights to technologies for developments and in some cases, provide mezzanine financing. Our investments generally have a lifespan of up to six years, with liquidity at specific milestones. We reinvest Hatchery profits back into our organization to grow future opportunities, revenues, and profits. |
We provide expert commercialization processes to developing technologies in a unique business environment.
Leading organizations choose Triad Growth Partners
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Triad Growth Partners
2901 Gate City Boulevard Suite 2200 Greensboro, NC 27401 (336) 375-9232 |
527 Bridge Street, Suite 301 Danville, VA 24051 |