“We aim to set trends in the housing industry.”

Jan Timmermann, Head of New Business at Vonovia SE

Innoboard: There is no consistent definition of innovation. Every industry and every department perceive it differently. How would you define innovation with respect to your position as Head of New Business at Vonovia? 

Jan Timmermann: Innovation is one of our top priorities. We aim to ‘set trends in the housing industry’. Despite the fact that the housing sector is generally seen as being somewhat resistant to innovation, we always keep our eye on the future because our tenants certainly will do the same. For me, innovation is about incorporating advancements, which are shaped to a considerable degree by other sectors, into our product – housing. This approach has been working pretty well so far. In my view, however, innovation is also about thinking outside the box and thinking about how we can adapt established concepts to optimally fit with our current situation, just like we have done with modular construction. 

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“Corporates need to understand why they need to work with startups before they embark doing so.”

Dr. Evangelos Simoudis, Co-Founder and Managing Director at Synapse Partners

Innoboard: You worked both with big companies as well as startups for many years. In your opinion, how differs the understanding of innovation between these two kinds of organizations?

Dr. Evangelos Simoudis: For startups technology and business model innovation is a matter of survival. If startups fail to innovate and disrupt incumbents, or innovate and in the process create a new market, then they fail which often means going out of business. Large corporations primarily try to innovate in order to extend their existing successful business models. A small percent of the corporations appreciate the advantages of over the horizon innovation and use it in an effort to create new revenue streams. The results of these over-the-horizon innovation efforts may even lead to the disruption of their existing business models.

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“The digital ecosystems and platforms forming around all industries are accelerating the speed and impact of innovation.”

Michael Connor, Founder and CEO of Silicon Valley Insurance Accelerator (SVIA)

Innoboard: There is no universal definition of innovation. Every industry and every company perceive it differently. As CEO of the Silicon Valley Insurance Accelerator, how do you define innovation?

Michael Connor: Innovation creates new differentiating value that hasn’t previously existed. That impact takes place on a continuum. At the low end it delivers moderate improvements and changes in how an industry creates and delivers value and or in the cost of delivering that value. At the high end it significantly redefines industries their value chains and boundaries and/or creates entirely new industries. That innovation becomes disruptive, when the value delivered is significant and demand for that value is met faster by new entrants than by the major players in the existing industry.

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5 industries with the most innovative companies

Have you ever wondered where great ideas come from? If your company has ever stalled for the lack of innovation, then you’ve probably thought about it from time to time. Innovative ideas can come from nothing, or from a long process of brainstorming and debate, but it always seems like some industries are consistently coming out with the best new products and processes, while others lag far behind. This isn’t your imagination; some industries are moving much more quickly than others. But which industries are the most innovative, and what sets them apart?

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“We have positioned and prioritized our digitization topics with two criteria: external appeal and internal opportunities.”

Dr. Christoph Kuen, Chief Technology and Innovation Officer at BBC Group AG

Innoboard: Digitization – it is felt by all industries and departments, however, the reactions are different. What does digitization mean to the BBC Group?

Dr. Christoph Kuen: We understand digitization as transformation and continuous development of corporate processes, client experience and business models. As a globally operating Swiss conglomerate, we are right in the middle of our digitization journey. For us, this means that we link digitization with a transformation process which is reflected in structural changes, a modified process organization as well as in the personal work attitude.

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Interviews

“We aim to set trends in the housing industry.”

Jan Timmermann, Head of New Business at Vonovia SE

Monday, May 8, 2017

Innoboard: There is no consistent definition of innovation. Every industry and every department perceive it differently. How would you define innovation with respect to your position as Head…

“Corporates need to understand why they need to work with startups before they embark doing so.”

Dr. Evangelos Simoudis, Co-Founder and Managing Director at Synapse Partners

Friday, May 5, 2017

Innoboard: You worked both with big companies as well as startups for many years. In your opinion, how differs the understanding of innovation between these two kinds of…

“The digital ecosystems and platforms forming around all industries are accelerating the speed and impact of innovation.”

Michael Connor, Founder and CEO of Silicon Valley Insurance Accelerator (SVIA)

Wednesday, May 3, 2017

Innoboard: There is no universal definition of innovation. Every industry and every company perceive it differently. As CEO of the Silicon Valley Insurance Accelerator, how do you define innovation?…

“We have positioned and prioritized our digitization topics with two criteria: external appeal and internal opportunities.”

Dr. Christoph Kuen, Chief Technology and Innovation Officer at BBC Group AG

Friday, April 21, 2017

Innoboard: Digitization – it is felt by all industries and departments, however, the reactions are different. What does digitization mean to the BBC Group? Dr. Christoph Kuen: We understand…