The Innovolation Framework™
The Innovolation Framework™ is an agile Research and Development outsourced innovation methodology designed to help SMEs to leverage market gaps in their current product or service offering. The process is an overall packaged innovation management offering, and you may wish to carry out some steps yourselves.
- The end-user is satisfied
- Change is welcomed
- Short-term milestones
- Collaboration is King
- Keep it Simple but not Stupid
- Defined Roles and Responsibilities
- Attention and Reflection
Most frequent questions and answers
Innovolo assess literally hundreds of new product and service ideas every year.
Before you start investing your money into an idea (or getting someone else to!), you need to make sure that the idea is sound and not just a fantasy. It can be hard not to get too attached to your ideas, but you must not get carried away.
Innovolo will help you to critically assess many aspects of designing, manufacturing, promoting and distributing your product sustainably.
Innovolo are legally bound by the terms of our confidentiality statement – see the last FAQ on this page.
It wouldn’t make sense for us to talk about your idea to anyone. The negative publicity that could happen if we leaked your idea is not something we want to even entertain the idea of.
If we think your idea is rubbish, we’ll tell you.
We have standard assessment criteria as part of the Innovolation Framework that we run every single idea through before we go any further.
Essentially, we’ll be assessing whether your idea has commercial potential for you, whether the technology needed for this product is even available yet, whether there’s a market for the product, and whether you have the funding available to develop the idea.
If you don’t have funding, get in touch with us anyway – we still may be able to help you out.
As soon as you fill out the form above and hit “Send”, we’ll get to work. Typically you’ll hear from one of our consultants within a few hours (unless it’s a weekend or bank holiday of course).
Basically, the form will send our consultants an email alerting them to your funky new product idea. They’ll do a real quick appraisal of the idea, and then give you a call to discuss further.
At this stage, you’ll be asked to sign a Non-Disclosure Agreement. This makes sure you and your idea are protected from it leaking into the public domain. Once your idea has gotten into the public domain, you will not be able to apply for patent or design rights protection very easily, so this is really important.
Great ideas can only translate into a successful business if people are willing to pay for the product or service.
First, you need to identify who the target market is for your product. Are you planning to sell to young people or seniors? Is your product primarily for women, men or both? Are you going to sell to individuals, other businesses or to the government? What income level would people need to have to be able to afford your product or service?
Once you know who you are going to sell to, you should consider doing some market research to find out if your target market would be interested in buying your product or service, and how much they would be willing to pay for it.
If your product or service is something people would be interested in, but not willing to pay for, you can consider alternative business models. Some businesses, in particular in the service industries, offer their service for free or at a low price, but are able to make money through other avenues, such as advertising.
Innovolo can help you create a go-to-market plan right from the initial conception of the product right through to the product landing on the supermarket shelves.