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Wellspring Blog

Does size matter? Building your innovation community

May 11, 2017
A question our customers often ask is ‘how many contributors do I need on my innovation team to make it successful?’ The short and infuriating answer, of course, is ‘it depends’. We'd rather be slightly more helpful than that on this blog, so we've outlined some of the factors our consultants... Read More

The Blurring Lines Between Corporate Venture Capital and Open Innovation

April 25, 2017
With the dilution of the R&D monopoly most Fortune 50 company could wield through mass corporate research parks such as Xerox’s PARC, organizations have begun to compensate through external technological innovation. Given the reality that no single organization has more than 1% of the global R&D... Read More

Infuse Agility into Stage-Gate® to Drive Speed to Learning and Speed to Launch

April 10, 2017
Disruptors Drive Need for Business Agility The global digitization of business and the ever-increasing power of the consumer have created constantly changing markets prone to regular disruptions. Organizations focused on new product development (NPD) and innovation performance are reacting by... Read More

What New Tech Scouting Teams Need To Know

April 04, 2017
New tech scouting teams need to establish a clear scouting process early on to avoid mistakes down the road. Most scouting units are less than three years old, and as such, many are still experiencing growing pains and uncertainty. If your company has recently formed a scouting unit, there are some... Read More

Innovation Conversations - Michelle Hawkins, Virgin Care

April 04, 2017
This was a great conversation — I met Michelle by chance at an event hosted by the lovely people at Boundless (ask them about their Discovery sessions, they’re brilliant), and got talking about innovation straight away. I love the story of how Michelle came to her current role with Virgin Care, and... Read More

Crowdsourcing Is Not The Answer

March 27, 2017
Open innovation has been positioned as a solution to myopic internal R&D efforts, with crowdsourcing being the primary means with which large organizations are willing to outsource their internal R&D. While crowdsourcing is effective in solving small problems such as coloring and naming of... Read More

Sourcing Tenants for Research Parks

March 21, 2017
With a growing emphasis on developing clusters of innovation through public/private partnerships, universities have increased investment in technology centers and research parks. However, given the constraints placed on research parks in terms of financial and personnel resources, institutions need... Read More

Measuring Impact for Research Parks

March 21, 2017
How does a research office demonstrate economic, technological, and social impact? Given the high expectations placed on research parks in terms of innovative capability and economic impact, being able to automate data management and reporting is crucial to identifying whether current efforts and... Read More

How Can Research Parks Improve Their Application Process?

March 21, 2017
For research park offices, technology accelerators, and economic development corporations, the quality of tenants and applicants is much more important than quantity. Although offices may benefit from an increased number of applicants, these offices depend on high quality applications being... Read More

Agile for New Product Development Part 1 - Why Agile?

March 20, 2017
This is part 1 in our 3-part series on Agile NPD. Read part 2. Read More

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