Zaur AICo-founder of openincubator.ie | Student Entrepreneurship Programme Manager @TCD

What's your definition of innovation?

Name: What's your definition of innovation?
Uploaded: 2017-07-05T13:37:01+00:00
Duration: 44 s
Channel: Zaur AI
Description: This short YouTube interview clip (Board of Innovation) defines 'innovation' not as idea quantity but as the commercialization and validation of the…

5 Jul 2017 · 1 min

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This short YouTube interview clip (Board of Innovation) defines 'innovation' not as idea quantity but as the commercialization and validation of the right ideas paired with viable business models. The speaker emphasizes testing whether an idea solves the right problem and whether a business model can support it—this is presented as the Board of Innovation’s practical focus.

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Innovation is one of those terms that is really misunderstood across the industry. It's one of those words that gets used so many times in different contexts, and it means different things to different people. So for us at Board of Innovation, it's really about the commercialization of an idea. It's not about having lots of ideas. It's about having the right ideas and. And having a business model to support them. So there's no shortage of ideas, but there's a shortage of really good ideas, and there's even less ideas that can support a good business model. So it's about validating both your ideas. Are you solving the right problem? And is there a business model to support that? And that's really what we do at Board of Innovation.