In June, the Kosciusko Economic Development Corporation (KEDCO) and NEXT Studios (NEXT) announced a partnership to launch a Medical Technology (medtech) Accelerator Program unique to Kosciusko County. The program is now underway, and KEDCO and NEXT are seeking participation. How can KEDCO and NEXT help your company? Here’s insight on […]
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What Does an Innovation Strategy Include?
How do you spell success when starting or running your own business? I-n-n-o-v-a-t-i-o-n s-t-r-a-t-e-g-y. Innovation strategy is a set of steps that allows you to make informed decisions related to change within your business, whether that be at the product level, the organizational-level, or somewhere in between. What is the […]
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What Is a Strategic Innovation Example?
Apple, Google, Amazon, Microsoft, Zoom—all of these corporate superstars are excellent examples of strategic innovation in action. We’ve witnessed these companies bring about some of the most exciting transformations in the world as we know it today. From changing the smartphone game to having a name that is synonymous with […]
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What Is an Innovative Strategy in Business?
An innovative strategy is a plan used by businesses to make sure they will stay relevant over time and drive growth. A business that does not have an innovative strategy as part of its core culture and baked into its running will struggle. Developing and implementing innovations can be pushed […]
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Innovation Strategy in Business
Whether we’re talking about coming up with innovative ideas and strategies to launch a new business or to grow an existing business, it’s difficult to overstate the importance of innovation strategy. Why is it important for businesses to innovate? At a high level, innovative businesses are better-positioned for relevance, differentiation, […]
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Characteristics of an Innovator
Innovators are the driving force behind entrepreneurship and businesses’ products and services development. Without the ability to create and implement new ideas, a business could fall behind its competitors. Consumers want new and improved products, and without an innovative team, it’s difficult for businesses to keep up with demand. According […]
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Innovation in Business
When an entrepreneur starts a new business, innovation is usually at the forefront of their mind—after all, it’s a key determiner of whether the business is going to be successful or not. Once a business is established, though, it’s human nature to become complacent or content with the status quo, […]
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Corporate Innovation Consulting
The early stages of getting a business off the ground or going back to the drawing board ten years in to re-define the company share many similarities. Both budding entrepreneurs and established corporations in these situations must tackle the same messy and complicated beast: innovation. Because innovation is such an […]
Read MoreMedTech Accelerator Studio Launches in Warsaw
WARSAW, IN: The Kosciusko Economic Development Corporation (KEDCO) announces its launch of a new Medical Technology Accelerator Studio. The intention of the Medical Technology Accelerator Studio is to develop a robust pipeline of medical technology startups which will complement and advance existing product development and manufacturing capabilities in the Orthopedic […]
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We All Play a Role in Building and Innovation Community
by Courtney Zaugg and Marie Foster-Bruns Who owns innovation in a community? While it most certainly can be developed and encouraged intentionally, it is neither a place nor a building, but instead a mindset centered on entrepreneurship and collaboration. This mindset is essential because it encourages teamwork and removes boundaries. […]
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