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Highlights
- Open innovation reduces development timelines by leveraging external expertise and ready-made technologies.
- By sharing costs and risks, open innovation enables safer exploration of new ideas, markets and business models.
- EarlyBirds offers a tailored suite of programs designed to help organisations speed up product development while reducing risk.
- Its award-winning Open Innovation Ecosystem supports innovation and strategy across all business areas.
- With access to over 5 million global innovations, EarlyBirds helps organisations find and adopt proven, existing solutions.
Bringing new products to market is often time-consuming and costly. Many organisations struggle to generate enough ideas as employees juggle competing responsibilities, and even dedicated development teams can face slow progress. Fortunately, open innovation offers a powerful way to accelerate the product development process.
EarlyBirds highlights that it is well equipped to help organisations harness open innovation to speed up product development while reducing risk. Through its open innovation ecosystem, EarlyBirds connects businesses with startups, scaleups, and subject matter experts who offer innovative solutions, niche expertise, and cutting-edge technologies. Whether you’re a Chief Innovation Officer seeking transformative ideas or a product leader in need of specific capabilities, EarlyBirds provides tailored programs and a powerful platform to identify, evaluate, and integrate external innovations quickly.
How Open Innovation Accelerates Development
- Open innovation shortens development timelines by leveraging expert partners, as seen when UPS teamed with Matternet to launch the M2 drone for healthcare deliveries.
- Boosts flexibility, enabling fast responses to market shifts without requiring major in-house investment, as seen in Samsung’s multi-channel innovation strategy including partnerships.
- Accelerates discovery and customer validation by rapidly generating data, enabling teams to refine ideas, validate early, or pivot based on real-time feedback.
- Provides access to proven solutions from other industries, helping organisations solve development challenges faster, reduce costs, and reduce time-to-market.
- Reduces risk by distributing responsibilities and costs, allowing companies to explore new ideas without heavy financial exposure or resource strain.
- Open innovation fills internal skill gaps by bringing in external expertise, allowing organisations to maximise product development outcomes without building all capabilities in-house.
EarlyBirds offers a comprehensive suite of innovation tools, including Ecosystem Maps that give leaders a clear view of technological trends and key players across specific domains, enabling strategic decision-making. Its Explorer Program delivers innovation-as-a-service through innovation days, webinars, and expert guidance, while the Challenger Program targets individual challenges, using expert-led searches to find and curate solutions from a vast global pool, ensuring tailored roadmaps for trials or implementation.
EarlyBirds empowers faster product development through open innovation, connecting organisations across industries such as food, retail, healthcare, and more with global innovators and solutions. Its platform, Ecosystem Maps, and tailored programs help leaders swiftly identify, validate, and implement technologies, accelerating progress and enhancing competitiveness in dynamic markets.
