8 February 2023 by Barbara Bouffard | Comments are off for this post What is open Innovation? Open innovation refers to the approach of seeking input and ideas from outside as well as inside a company or organisation, to drive innovation. Thus, open innovation involves sharing knowledge and information about challenges and seeking ideas and solutions from outside the company or organisation. This approach aims to tap into [...]
11 January 2023 by Barbara Bouffard | Comments are off for this post An inspirational man who, as a boy fled Europe from the Nazis. He arrived in Bristol with nothing and eventually became one of the most successful and influential inventors and product designers of his time. He will be remembered for his unique and colourful products that were a reflection of the era they were created [...]
4 January 2023 by Barbara Bouffard | Comments are off for this post Dragons’ den is back next Thursday at 20h00 on BBC 1. Top tips to pitch to Dragons' Den Over the years, we have had many of our clients pitching their idea in the den, some successful like Chris and Kathryn Baldrey-Chourio – Nana’s Manners, who secured £50,000 investment; some were not so lucky. So what [...]
29 November 2022 by Barbara Bouffard | Comments are off for this post Gas is a new app that focuses on being kind and building confidence among your friend group. The latest craze amongst teenagers in the US, you can “gas someone up” – pay them an anonymous compliment, to boost their confidence, using a set poll that removes the ability to cyber bully. With over 500,000 downloads [...]
22 November 2022 by James Mcinerny | Comments are off for this post Mango is investing £ 2.5 million in fashion start-ups A few months ago Mango announced it is creating a £2.5 million fashion start-up accelerator fund to help up to 50 companies develop their fashion businesses. For those who don't know, an accelerator typically helps early-stage companies which have developed a product to grow faster. They [...]
28 October 2022 by Barbara Bouffard | Comments are off for this post Licensing an Invention - the unknown way of commercialising an idea When we think of commercialising an invention, we often forget about licensing, however, it requires less capital investment and therefore you take less risks. Licensed products are all around us. You will have heard of licensing in the music industry or for large brands [...]
18 October 2022 by James Mcinerny | Comments are off for this post Aldi plans to spend an extra £3.5 billion a year with British businesses To help find them, Aldi is launching a new competition called Aldi's Next Big Thing on Chanel 4 which will see 36 small businesses compete to win a place in Aldi's Specialbuys and gain massive exposure in the process. The show will [...]
11 October 2022 by James Mcinerny | Comments are off for this post Thinking about developing a new product idea? Well if you are based in the UK, you are in the right place. According to the 2022 Global Innovation Index, the UK ranks fourth in the world for Innovation, behind Switzerland, the US and Sweden. In terms of Scientific and Technological intensity, Cambridge was joint first globally [...]
27 September 2022 by James Mcinerny | Comments are off for this post Simultaneous invention, also known as multiple discovery theory, is the concept that many inventors create the same invention, at the same time, independently of each other. Read on to find out what it might mean for your idea. Famous examples Calculus Let's start with calculus. Isaac Newton (the guy who discovered gravity supposedly when an [...]
9 August 2022 by James Mcinerny | Comments are off for this post In our previous article, we discussed 5 unlikely product successes. One of them was a potato salad that raised $55,000 through the crowdfunding platform Kickstarter. Lots of people have been asking for more information on this type of crowdfunding so we created this as a follow-up article, get in touch if you have any questions! [...]
