Innovation Accelerator

Guide teams from initial idea to investment. Our hands-on, remote first approach is designed to support teams to develop customer-centric solutions with sustainable business models at start-up speed.

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Board of Innovation designed our virtual accelerator program and supported 10 teams to validate their new business ideas and present an investment case to our senior management. Their energy and hands-on support helped us to get funding to launch 6 pilots that we believe will drive real value for our business.
GLOBAL INNOVATION LEAD
LEADING FMCG ORGANIZATION

What is an innovation accelerator?

An accelerator is a program to develop, test, and grow new business ideas in a sandbox environment. Internal teams are guided through a structured and timeboxed process from problem exploration to investment pitch by one of the serial entrepreneurs that make up our team.

We’ve organized hundreds of accelerators and no two are alike. Our experts tailor each program for our clients depending on their organizational needs and ambitions. Are you looking for something remote or in-person? Do you want to accelerate existing products or create something transformative? Do you have teams ready to go or are do you need some advice in setting u? We’re here to help!

The Accelerator Journey

SCOPE THE CHALLENGE AND SET UP THE TEAM FOR SUCCESS

  • Define a clear business challenge
  • Size the market opportunity
  • Set-up a multi-disciplenary team
  • Allign on investment criteria with internal stakeholders

EXPLORE AND VALIDATE THE PROBLEM AND EMPATHIZE WITH THE CUSTOMER

  • Define segments & personas
  • Map current state customer journey
  • Design a stakeholder & ecosystem map
  • Validate problem hypotheses

DEVELOP AND VALIDATE DIFFERENT SOLUTIONS AND PROTOTYPES

  • Explore existing solutions
  • Ideate different approaches
  • Map future state customer journey
  • Prototype and test selected concepts with customers

DEFINE AND TEST A SUSTAINABLE BUSINESS MODEL

  • Map different business models and revenue streams
  • Develop a ball-park business case
  • Validate key viability hypotheses with customers 

DESIGN A COMPELLING STORYLINE AND INVESTMENT PITCH

  • Decide on strategy to scale
  • Synthesise all learnings in a compelling storyline
  • Present to key internal stakeholders for investement

Results

What to expect from an innovation accelerator?

Business Impact

Accelerate or kill key strategic projects based on measured desirability, viability, and feasibility metrics.

Customer insights

Discover behavioral drivers of your current customer market and new areas of growth.

Capability building

Build the foundational capabilities to run end-to-end innovation projects.

A comprehensive toolkit

Remote first digital collaboration tools

We work with clients and teams all around the world and have extensive experience at faciliating virtual accelerators on a variety of tools and platforms.

Client cases

Trusted by Fortune 500 and global innovators.

Board of Innovation makes Fortune 500 companies innovate like startups, mixing proven methods from design thinking and lean startup strategies.

Fantastic opportunity to learn how to think outside the box, how to be innovative, and find new business opportunities. Great experience and learnings taken from all the participants, from the project itself to how to present or how to prepare a pitch.

Oscar Salvador, Segment Analyst, O-I Europe

32 new business models for Valmet

Securing new profitable innovation growth whilst developing an intrapreneurial innovation culture and mindset.

2 business concepts funded by Unilin

A story of intrapreneurship, talent management, innovation, and technology.

Engie: 3 new ventures & an invigorated innovation strategy

From innovation strategy to corporate accelerators: 360° innovation support for Engie.

Talk to one of our experts

program overview

An iterative approach

1. Scope your challenges and build the right teams

Scoping

Identify the right business challenges and get teams ready for kick-off.

2. Explore and validate the customer problem

Problem exploration

Through intensive user research, we'll help you truly understand what your customers need We'll create personas, journey maps, and define an innovation thesis.

3. Prototype and test multiple solutions

Create new products & services

Next we'll develop the right solutions, build prototypes, and run validation experiments.

4. Explore new business models

Business model definition

Explore additional revenue streams and profitable business models that disrupt the status quo.

5. Validate with customers

Iterative experimentation

During each of these phases, you will run experiments to validate key assumptions around desirability and viability.
Get in touch

6. Pitch for investment

Present your findings

The goal of a pitch is to facilitate a decision. Should you kill the project, perevere, or scale?

Have a look at a collaborative virtual problem exploration session

We conducted a digital ecosystem mapping session with a team from a large healthcare client during the problem exploration phase. Here, our goal was to identify potential parternships across the US and Brazil to increase access.

32 new business models for Valmet

Securing new profitable innovation growth whilst developing an intrapreneurial innovation culture and mindset.

2 business concepts funded by Unilin

A story of intrapreneurship, talent management, innovation, and technology.

Engie: 3 new ventures & an invigorated innovation strategy

From innovation strategy to corporate accelerators: 360° innovation support for Engie.

Talk to one of our experts