Profitable innovation in any organization requires strategic alignment, thoughtful execution and well-trained leadership. In addition, organizations that want to realize innovation ROI quickly may choose to add a technology infrastructure to manage and automate part of the innovation process.

Innovation 360, in partnership with Innovation Framework Technologies (IFT), brings you the best software application enablers for FEI and NPD. If you are looking to transform your innovation management capabilities, IFT offers the most powerful solutions available today. IFT’s world-class innovation software solutions combine best practice and robust technology to support the two key areas of the innovation effort:

Front End of Innovation (FEI)

The Front End of Innovation is where insights and opportunities are identified and ideas are generated, enriched, evaluated and eventually selected to enter the new product development process. There are three approaches to filling the front end of innovation project pipeline:

• Voice of the customer and insight methods such as lead user analysis, customer visits, focus groups and client co-design.
• Open innovation such as obtaining ideas from partners, vendors, customers, external scientific or inventor communities, external idea contests.
• Internal organizational talent based either on dedicated innovation teams and summits, or day-to-day ideation programs involving all employees.

New Product Development (NPD)

New Product Development is where ideas are captured and effectively converted into successfully launched and commercialized products and services using portfolio management, a Stage-Gate® process, and project and resource management techniques.

IFT’s certified, end-to-end Stage-Gate® Ready certified software delivers comprehensive and easy-to- use capabilities in a single, fully integrated web-based application and database, with no need for other add-on third party or open source software to complete the solution.

In addition, IFT’s software incorporates best practices from Stage-Gate, Project Management Institute (PMBOK), Six Sigma, Agile project management and the Product Development and Management Association (PDMA).

IFT solutions can be implemented separately, to complement existing systems, or combined as a single integrated platform for end-to-end innovation management. The result for your organization is a fast track to innovation strategy, execution and ROI.

To learn more about accelerating innovation ROI with Innovation Framework Technologies software solutions and Innovation 360′s premium consulting services, email us or call +971 4 319 7645.