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InnoQuest – June 25, 2014

InnoQuest – June 25, 2014. The Entrepreneurs EDGE is a non-profit economic development organization which fosters growth in mid-market companies and develops leadership talent in order to positively impact the Northeast Ohio economy. . InnoQuest – February 28, 2014.

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InnoQuest – June 25, 2014

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  1. InnoQuest – June 25, 2014 The Entrepreneurs EDGE is a non-profit economic development organization which fosters growth in mid-market companies and develops leadership talent in order to positively impact the Northeast Ohio economy.

  2. InnoQuest – February 28, 2014

  3. Internet Access at DDR Network: DDRDataGuest Guest account User: bnymellon Guest account Password: NGsK0aDf ^ “zero”

  4. Program Overview • Feb. 28 Mid-Market Innovation / “Thinking Inside the Box” • Pressco Technology, Solon • Guest: Amit Mayer, Systematic Innovative Thinking (SIT) • Mar 6 (bonus) *Drew Boyd, SIT/Johnson & Johnson/Univ. of Cincinnati* • Case Western Reserve University, Nord Hall.(3:00 PM) • Apr. 30Refreshing the Value Proposition to More Effectively • Target New Customers and Markets • GrafTech International; Guest: Bush Consulting • Jun. 25Open Innovation (NineSigma) + Developing Innovation Teams •  3rd Frontier Funding to support mid-size companies. • Aug. 21Using Product Tear-down to Ideate and Accelerate Innovation • Meeting at MAGNET (1768 E 25th St, Cleveland, OH 44114) • Guests: Bush Consulting; Dave Heidenreich (EBO Group) • Oct. 21University of Akron Research Foundation • Guest: Darryl Fogal, Innovation Leader, Eaton Corporation • Dec. 4Leadership and Culture

  5. GrafTech Session Take-aways 4-30-14 • Value Proposition Best Practices • Focus categorization to the customer; consider supply chain, too. • Can have more than one value proposition for products & divisions • Breakdown/categorize • Refresh / Re-launch value proposition activities.

  6. GrafTech Session Take-aways 4-30-14 • Value Proposition Best Practices • List benefits &types of differentiation (technology, cost, service) • Map competition •  Stay away from “sharks” when creating value propositions

  7. GrafTech Session Take-aways 4-30-14 • Technology road-mapping relationship to internal change and direction of organization. • Evolution of a 127-year-old company • Stage gate and software tools for innovation • Develop the 3-stage product refinement for R&D and R&D Budgeting • Look at markets and watch evolving opportunities

  8. GrafTech Session Take-aways 4-30-14 Amit M

  9. Program Overview • Feb. 28 Mid-Market Innovation / “Thinking Inside the Box” • Pressco Technology, Solon • Guest: Amit Mayer, Systematic Innovative Thinking (SIT) • Mar 6 (bonus) *Drew Boyd, SIT/Johnson & Johnson/Univ. of Cincinnati* • Case Western Reserve University, Nord Hall.(3:00 PM) • Apr. 30Refreshing the Value Proposition to More Effectively • Target New Customers and Markets • GrafTech International; Guest: Bush Consulting • Jun. 25Open Innovation (NineSigma) + Developing Innovation Teams •  3rd Frontier Funding to support mid-size companies. • Aug. 21Using Product Tear-down to Ideate and Accelerate Innovation • Meeting at MAGNET (1768 E 25th St, Cleveland, OH 44114) • Guests: Bush Consulting; Dave Heidenreich (EBO Group) • Oct. 21University of Akron Research Foundation • Guest: Darryl Fogal, Innovation Leader, Eaton Corporation • Dec. 4Leadership and Culture

  10. Program Overview • Feb. 28 Mid-Market Innovation / “Thinking Inside the Box” • Pressco Technology, Solon • Guest: Amit Mayer, Systematic Innovative Thinking (SIT) • Mar 6 (bonus) *Drew Boyd, SIT/Johnson & Johnson/Univ. of Cincinnati* • Case Western Reserve University, Nord Hall.(3:00 PM) • Apr. 30Refreshing the Value Proposition to More Effectively • Target New Customers and Markets • GrafTech International; Guest: Bush Consulting • Jun. 25Open Innovation (NineSigma) + Developing Innovation Teams •  3rd Frontier Funding to support mid-size companies. • Aug. 21Using Product Tear-down to Ideate and Accelerate Innovation • Meeting at MAGNET (1768 E 25th St, Cleveland, OH 44114) • Guests: Bush Consulting; Dave Heidenreich (EBO Group) • Oct. 21University of Akron Research Foundation • Guest: Darryl Fogal, Innovation Leader, Eaton Corporation • Dec. 4Leadership and Culture

  11. Program Overview • Feb. 28 Mid-Market Innovation / “Thinking Inside the Box” • Pressco Technology, Solon • Guest: Amit Mayer, Systematic Innovative Thinking (SIT) • Mar 6 (bonus) *Drew Boyd, SIT/Johnson & Johnson/Univ. of Cincinnati* • Case Western Reserve University, Nord Hall.(3:00 PM) • Apr. 30Refreshing the Value Proposition to More Effectively • Target New Customers and Markets • GrafTech International; Guest: Bush Consulting • Jun. 25Open Innovation (NineSigma) + Developing Innovation Teams •  3rd Frontier Funding to support mid-size companies. • Aug. 21Using Product Tear-down to Ideate and Accelerate Innovation • Meeting at MAGNET (1768 E 25th St, Cleveland, OH 44114) • Guests: Bush Consulting; Dave Heidenreich (EBO Group) • Oct. 21University of Akron Research Foundation • Guest: Darryl Fogal, Innovation Leader, Eaton Corporation • Dec. 4Leadership and Culture

  12. Introductions

  13. Some Very Smart Companies Have Fallen Off the S&P List * Every two weeks a company enters or leaves S&P 500.* * Courtesy of Columbia Business School

  14. Drivers of Innovation

  15. Innovation Management – Three Gears

  16. Developing Innovation Teams What areas of your business can you innovate? How would you go about creating teams to address? What would you ask the teams to focus on?

  17. Paul Stupay Chief Sales Officer Office 216.295.4810 Mobile 216.225.7955Stupay@ninesigma.com

  18. How would you use the Open Innovation model?

  19. How will your company embed future insights into your own forecasting?

  20. InnoQuest - Innovation Management Program Next Meeting: Thursday, August 21 • Using Product Tear-down to Ideate &Accelerate Innovation • Looking at Patent Searches to Ideate

  21. EDGE Fellows Summer Program

  22. EDGE Fellows (2007 – 2014) • 60 business ideas studied • From successful Northeast Ohio businesses • 30% of ideas generate new revenue in 2-3 yrs

  23. EDGE Fellows Summer Program

  24. The Entrepreneurs EDGE

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