Innovation units have become popular among companies seeking to build new businesses and ventures. These units leverage existing assets within the organization, including the diverse skill sets and perspectives of employees, to identify new business opportunities. To collect and evaluate business ideas, companies use various methods such as employee suggestion boxes, hackathons, and ideation sessions. However, the real challenge lies in selecting and developing the most promising ideas that align with the company's strategic goals and can drive long-term growth.
Innovation units evaluate each idea based on its strategic fit, potential for success, feasibility, and ability to solve a real pain point for the company or its customers. It is important for innovation units to stay up-to-date on industry trends and emerging technologies to identify promising opportunities. However, internal innovation units may face biases or limitations that can affect the selection process. This is where an external perspective can help. Working with partners brings a fresh perspective, expertise, resources, and networks that can help identify and develop the most promising business ideas while avoiding biases or limitations.
Bitrock offers an Idea Selection Workshop that helps companies select the best ideas for further validation based on strategic fit, potential, feasibility, and pain-solving capabilities. By selecting the most promising ideas, companies can invest resources more efficiently and effectively. The workshop identifies key hypotheses and outlines a validation path to increase the chances of success and minimize the risk of investing resources in ideas that may not lead to viable business opportunities.
New digital business models for a successful future in the automotive industry
Long-term collaboration to bring ideas to POC stage – and beyond
More exciting news: Together with , the boutique RegTech consultancy for digital identity & trust, we are launching a RegTech venture builder this year: JB10X Ventures. The venture builder will operate freely and based on a shared RegTech infrastructure to tackle the biggest problems in digital identity & trust we - for now - primarily see in the banking and financial industry. JB10X Ventures is currently fundraising for its first and only direct investment round. Reach out to us if you’re interested in more information.
Bitrock Digital Partners and Happiest Minds have joined forces to offer comprehensive digital business models and solutions that leverage the strengths of both companies. As an expert in disruptive technologies, Happiest Minds brings a wealth of experience in areas such as AI, cloud, digital process automation, and IoT, while Bitrock Digital Partners specializes in building new businesses and ventures in the digital realm.
At Hannover Messe, visitors can see firsthand how the collaboration between Bitrock Digital Partners and Happiest Minds can deliver innovative solutions that meet the evolving needs of today's businesses. Don't miss the opportunity to visit us at on 17. - 21. April at booth K59 in hall 14 and learn more about our digital offerings
On Thursday, 13.4. at 12:30 starts the next "Impact Lunch Talks" networking event about measuring circularity. In this format Melanie Kontonikolaou from Bitrock invites leading experts to share their insights on a variety of topics in the context of ESG and sustainable innovation. In this upcoming session, we are excited to welcome Mateusz Wielopolski, CCEO and Co-Founder of Circulix, a start-up that assesses and evaluates the circularity of products and processes.
The International Sports Business Trade Show (ISPO) is one of the largest gatherings of professionals from the sports and outdoor industry, featuring the latest innovations, technologies, and trends. This year's event was no different, showcasing a wealth of new ideas and concepts that are set to shape the future of the industry.
At this year's ISPO Bitrock Digital Partners also launched the UpVentures platform, in collaboration with Messe München. This platform facilitates cooperation and innovation in different formats, providing companies, startups, and investors the opportunity to connect, share best practices, pitch their ideas, and build a community. The offered activities were designed to promote cooperation and innovation: Matchmaking sessions allowed participants to connect with potential partners and collaborators. Pitching competitions gave startups and emerging companies the opportunity to showcase their ideas and receive feedback from investors and industry experts. Q&A sessions provided a platform for participants to ask questions and seek advice on a range of topics and community building activities helped to create a sense of camaraderie and collaboration among participants.
In conclusion, the launch of the UpVentures platform at ISPO provided a valuable opportunity for the participating companies, startups, and investors. Strong partnerships and collaboration are keys to succeed in today's fast-paced and competitive business environment. As we look towards the future, initiatives like UpVentures will play an increasingly important role in shaping industries and driving innovation and growth.
