Sponsored

EarlyBirds is furthering ‘Innovation Collaboration’ through an open innovation ecosystem - Kalkine Media

March 09, 2023 03:22 PM AEDT | By Ankit Sethi
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

Highlights

  • EarlyBirds is a global and open ecosystem that connects businesses (early adopters) with innovators
  • Two programs of the ecosystem are Explorer and Challenger, with different problem-solving features
  • The company also has dynamic innovation maps with data that can enable strategic decision making

EarlyBirds, which describes itself as a global company facilitating adoption of new innovations, has cited a statement by the Harvard Business Review to stress the importance of collaboration needed to solve ever-changing problems. EarlyBirds' open innovation ecosystem -- with two key programs Explorer and Challenger -- supports the coming together of stakeholders.

Before we learn more about EarlyBirds and its programs and innovation maps, let us know what the Harvard Business Review claims.

Harvard Business Review on resilience

The magazine talks about three practices that can help make businesses both innovative and resilient. In its latest press release EarlyBirds has cited these practices:

  • effective communication on topics like innovation,
  • assessment and filtering of ideas, and
  • availability of resources.

These three elements make even more sense at a time when the global economy needs resilience against forces like supply chain disruptions and rise in input costs across the globe.

Separately, EarlyBirds also points out the statement by the World Economic Forum (WEF) that no nation or organisation could single-handedly overcome complex issues that include climate change, economic inequality, and transition to clean fuels. This statement backs the idea of collaboration among stakeholders for quick solutions to problems.

EarlyBirds and collaboration

The company has an award-winning innovation platform that brings together some of the most important players. First, the EarlyBirds' data pool has over 4.8 million innovators from the across the globe. Second, organisations that want to accelerate innovation join the platform to be an early adopter of these millions of solutions. Third, subject matter experts (SMEs) that act as a bridge between businesses and innovations are also on EarlyBirds' platform.

Technological advancement is not possible unless there is an ecosystem where ideas can be evaluated, and groundbreaking innovations can earn the patronage of early adopters. In this regard, EarlyBirds seems to be an answer for the broader industry.

Image source: Pixabay.com; © 2023 Krish Capital Pty. Ltd.

Programs and Innovation Maps

The open innovation ecosystem of the company supports millions of global innovators, and there are two underlying programs. The first, Explorer, is pretty wide in that it allows speeding up of technological advancement of the whole organisation. Here, regular webinars, dedicated focus on specific innovations, and a platform enterprise license are some of the key features. Besides, monthly and quarterly innovation days are also a part.

The second, Challenger, is more targeted in that it focuses on one subject at a time. EarlyBirds' innovation maps complement the ecosystem by enabling businesses to quickly find the right innovator and access vital data for strategic business planning. Based on various technical themes, these innovation maps carry industry wide data, with regular updates.

Organisations that want to harness the EarlyBirds' ecosystem's multiple advantages can visit the 'early adopter' section of EarlyBirds’ official website. Innovators on the other hand can find backers for their ideas by using the 'innovator' section.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

5 ASX Companies Leveraging AI to Drive Growth in 2024



Top ASX Listed Companies


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.