Innovating Series Episode 10

We anticipated back in the 4th Episode of this Series how unbridled resources in the early stages of the innovating process can eat up the real need and, then, creativity is weakened at the end of the day.

But there comes a time when additional resources are necessary, in the creation of impactful solutions. And it is at this point where entrepreneurship must come to the rescue, let’s see why.

The impact of any innovation has two components: solution and commercialization.

The innovative mindset must be able to connect problems with robust, low-cost solutions.

Likewise, the entrepreneurial spirit must be able to connect solutions with society. And there’s where we’ll need additional resources for: scaling and commercialization.

This double process must be harmonized in a single rationalized model, where innovative and entrepreneurial mindsets are balanced.

The innovative one, based on creativity and the application of systematic learning work that eliminates uncertainties and reduces costs, to generate impact solutions.

And the entrepreneurial, based on charting the path towards significant and sustainable transformations, for which the support of risk capital will be essential.