When we think of innovation, the ideation part often comes first in mind. Then, the iphone story, and design thinking approach have led us to realize that an intense collective and iterative execution is required to turn an attractive idea, and translate a new concept into an elegant experience.
Still, concurrently, the engagement part where you confront your probe or MVP with users, and look up for business units that will distribute your service, is as much as important. No sales men, no business, and whatever the best product in the world!
For this time phase, innovation business development skills are a must-have. What is then an Innovation Business Developer? Let’s describe shortly his role:
- The Innovation Business Developer is tighly linked to the core product team, so that he can share the vision on the product, and be aware of the latest product roadmap: he’s the soul mate of the product owner;
- The Innovation Business Developer works on testing, and enriching the Value Proposition with target users, and shape a Unique Selling Proposition that fix user problems;
- The Innovation Business Developer builds a network of contacts that will agregate resources for the project: resources can come from Business Units or Partners that will help commercialize the product, as well as co-build it; he attracts supports because he finds out how the innovative product can be an opportunity for them.
In a nutshell, an Innovation Business Developer acts the same way a startup does: he develops new markets that its new product will sustain, reaches out to contacts that are open to innovative products, like Development Managers or Chief Innovation Officers, and unleasches a channel for innovation, not in a ‘Push’ way, but rather in a ‘Pull’ movement.
I2M stands for Innovation to Market. I2M is a corporate venturing start-up responsible for the commercialization of innovations developed by Mann + Hummel research teams. Mann+Hummel is one of the world leaders in the filtration industry. I2M mission consists in investigating new territories, and capturing business opportunities. Their focus areas are Clean Air, Clean Water, Life Science and Energy.
I2M is dedicated to the business acceleration stage of the innovation funnel, moving from incubation phase to sales:
Simple, fast, and effective are key values at I2M, who wants to behave like a start-up, and aims to be a ‘0 fix cost‘ company.
Even more, ‘Makers state of mind’ is encouraged as you can make your own desk!
And as they say: small teams hit the nail at I2M!
I2M is a fantastic initiative embodying innovation business development: watch them grow!
Charles Vaillant is EVP Technology at Mann+Hummel, and President & General Manager at I2M.
He kindly accepted to add a few words about the I2M learnings, and explain the Innovation Business Developer tasks:
Charles Vaillant: “I see the Innovation Business Developer as someone who behaves like a founder, and have the same focus and determination. Someone who is able to focus, to decide, and act swiftly. Someone who can generate progress, and getting things done in an ever-changing environment, where the rules of yesterday are obsolete, and the learnings of today create a new set of rules for tomorrow. At I2M we challenge ourselves to keep things simple and get things done. We focus on the very short term and we purposely measure everything in days and week, and not in months or years. Large corporations are complicated and slow so creating an organization that leverage the unfair advantage of a startup in terms of simplicity and drive for success with the resources (brain and muscles) of a global leader is for me the perfect setup to try to beat the odds. Success is not guaranteed but this setup guarantees the best chance of success. Let’s make it happen!”