A globally distributed innovative ecosystem offers many advantages to startups. Luckily, in recent years choices have expanded well beyond Silicon Valley.
Fast-growing innovation hubs include Australia, Mumbai, Jakarta, Helsinki, Guangzhou, Barcelona, Madrid, Manchester/Liverpool, Detroit, Bucharest, Romania, Kuala Lumpur, Malaysia, and the Research Triangle in North Carolina.
Luckily, this makes it simpler for startups to increase capabilities, scale, and speed to remain relevant and competitive. It is just a matter of finding the best globally distributed innovative ecosystem for their needs.
Increasing Global Opportunities
Global innovative ecosystems can open up a world of opportunities to startups. With access to expertise and resources from around the world, they now have the potential to make a global impact.
Since innovators can be located anywhere, each brings a unique skillset as well as diversity to the business. This wider perspective also leads to new ideas in business, more opportunities, and improved ﬁnancial performance.
Finally, diversity can play a leading role when tackling significant global issues, such as climate change and green technology. Various perspectives often lead to more robust, effective decisions.
Once again, a strong globally distributed innovative ecosystem is valuable since it expands the talent pool.
Local Innovation Is No Longer Sufficient
All organisations need to maintain a competitive edge. However, many startups still believe this is possible with local resources. Regrettably, this is a dangerous outlook since disruptive technologies can originate anywhere to upend the status quo quickly.
Well-established businesses with plenty of resources may be able to persevere and eventually find solutions, but startups don’t have this luxury. Startups need to proactively anticipate coming disruptions. They also need to forge synergistic partnerships, to tackle this grand task. Otherwise, they won’t have the resources they need to combat disruptions that could seriously impact their operations, competitiveness, and business continuity.
Luckily, a top-notch globally distributed innovative ecosystem not only offers talent and technology, but valuable advice and direction too.
Creating an Innovation Culture Vital
Innovating at speed and scale is a daunting challenge, but it is possible through collaboration. Partnering creates innovation culture that can help startups manage the rapid changes in our tumultuous world.
According to a recent study, almost three-quarters of business leaders anticipate they’ll have to accelerate new offerings just to maintain their market position. Without an innovation pipeline constantly feeding new ideas into the mix, startups with limited resources will lag behind. However, collaboration can fuel ideas, speed innovation, and spark new offerings.
Fortunately, a well-established globally distributed innovative ecosystem thrives on collaboration. The process of revealing suitable technologies must always include in-depth discussions with the startup. This ensures solutions align with business goals.
Proactive Innovation Is Possible
Startups need to do more than anticipate coming disruptions – they also need to find solutions. This can make this challenge seem insurmountable. Fortunately, it is not.
EarlyBirds can help startups identify which disruptions could affect their business. Then it is possible to tap into their globally distributed ecosystem to find appropriate solutions.
By intentionally seeking out innovations, startups can better control their path. Innovations can align with operations and organisational goals to create a positive outcome, instead of scrambling when disruptions occur.
Besides anticipating change, exploring new options keeps startups on the cutting edge of progress. In some cases, the company may become an innovation leader, without competition.
Of course, this is the ultimate achievement as it can be a huge profit generator. While the competition struggles to catch up, the startup will have refined their offerings and perhaps even created better ones.
Providing Startups With Clarity
EarlyBirds’ platform and services function as a globally distributed innovative ecosystem through which innovation can be sought, monitored and utilised as effectively as possible. We can connect you with the right pipeline of talent, tools, and expertise you need to succeed.
Startups can attain clarity, accelerate capacity and speed, and create an innovative culture to solve business and technical challenges. Our Subject Matter Experts offer expertise for beneficial collaboration.
Furthermore, our unique programs offer assistance for ad hoc or supplementary needs, as well as ongoing transformational support.
EarlyBirds Innovation Ecosystem
The EarlyBirds Innovation Ecosystem is a Business-to-Business portal that connects startups with new and disruptive technologies.
The Ecosystem has a data pool of over 4 million global innovations that may already address your organisational challenges. Alternatively, organisations can list their challenges and request solutions from innovators.
EarlyBirds Explorer Program
The Explorer Program is tailored towards those who need innovation as a service to supplement existing innovation programs, or to conduct innovation projects when required.
EarlyBirds Challenger Program
The Challenger Program focuses on a single organisational or technical challenge. It looks for the most relevant innovators that meet your organisational, technical, and risk requirements.
The program is run by an EarlyBirds Subject Matter Expert who collects organisational requirements. The SME then searches the data pool to identify and curate options for further evaluation. The most suitable option is chosen and SME drafts a roadmap of next steps, POC, trial, or implementation.
EarlyBirds can provide direction and expertise if your startup needs direction. We can also help you find innovative solutions, through external collaboration or as a supplement to your organisational silo.
Register at https://earlybirds.io/, or contact us to discuss your needs. We’re highly-experienced in many sectors including Operations & Maintenance, Energy, Education, Healthcare, the Public Sector, and more.