Clearly there is a need to embrace more people and get them to support the Innovation journey we need to be on.
We started Innovation In The City as a means to start this by giving people a place to come to learn more. Not just Entrepreneurs but people interested to learn about new tools, new technologies etc. It was set up as a not for profit with an aim to find ways to support Innovation that would grow employment opportunities in Adelaide.
These MeetUps are proving to be very successful as there is a lot more interest in Innovation in Adelaide than I expected.
We found lots of people we didn’t know and lots of people newly arrived from overseas. And all reported an energy in the city and a vibe supportive of change. From here we decided we needed to do more. More than Mentor at Startup Programs, demonstrate 3D printing etc, talk about Drone technology, help entrepreneurs find funding etc All the things I could think of to help this new and emerging world.
As such I decided to reinvent my consulting business enovAsia as a more collaborative business that would allow people with the right skills, attitude and experience to earn and learn by working with and supporting the efforts of Innovators.
Then I found Harold Sharples the man in the UK who could help me take the What, that we identified we needed when I looked at Why there was a need to change the way we Innovate in Adelaide give it some proven structure for success and develop it into the How!
The key developing Innovations that will develop into High Growth businesses lies in
- identifying individuals’ natural talents and their Profile and Potential as an Innovator
- fostering those talents and teaching the skills they need to deploy them effectively within a team
- focusing them so as to
- ask the right questions concerning the challenges that we face … and
- get to great answers.
The ONist Entrepreneurs’ Business Model developed by Harold is simply a focusing aid (because it automatically guides us to the important questions for any business wishing to become High Growth ready).
The Innovation Profiles developed for each individual will already identify the natural talents relevant to most Business problems – they also highlight the stage of relevant skill acquisition attained – and point the development way ahead for each individual.
The Innovation teams of Collaborators we build from the profiles then use the Business Model to identify and focus on the relevant challenges and the associated metrics to track the progress made solving them.
The solution to Innovating the way we Innovate lies in the power of the team and the nature and structure if the team. Teams are comprised of people with the right mix of Innovation Profiles as well as skills and experience. And importantly they come from outside the business or the inner circle of the Innovator. They are people with no vested interest who can say and do what ever is needed for the success of the Innovation Project without being concerned about the normal issues
The team becomes a two way street the Innovator learns from the skills and expertise of the team and each of the team (collaborators) learns Innovation from the Innovator which they can take back into their business.
And what will growing the number of High Growth Businesses (HGB) do for SA…… Each HGB will over time produce 1,200 additional jobs. Producing one such business every year for 35 years will ensure an extra 655 jobs are produced every year.
In the North West of the UK where Harold lives HGBs created 135,000 new jobs between 2005 and 2008 in a population of 7 million. That means we should be aiming for 20,000 here over the next few years and that would solve the unemployment problems we face with the closing of manufacturing businesses.
But also remember we are developing a model where we will greatly increase the % of HGBs that grow in our Hub using a proven methodology !!
So whats next? The How ….coming very soon…