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What are the characteristics of Ventilator Challenge UK consortium's innovation journey? Consider the following stages: ONE, the initiation stage ( 1 . 1 ) develop
What are the characteristics of Ventilator Challenge UK consortium's innovation journey?
Consider the following stages:
ONE, the initiation stage
develop the business case consider the business environment SWOT to TOWS for the project's profitability.
run feasibility test look into the viability of the product from the resources view physical IP HR and Finance
enlist stakeholders get the relevant people or partners, to form the "right" team to create or secure the resources
TWO, the development stage
form product prototype create the Minimum Viable Product MVP to meet the NEED first.
confirm method of production explore the various ways to produce in the most efficient way setting up plants
source the supply secure the supply line in a larger scale, negotiation, procurement and logistics needs
THREE, the implementation stage
launch and test potential innovation Put the MVP into the market, and get ready to pivot
build support buyin for the innovation there is a need to gain support from various stakeholders, eg Govt
monitor the feedback, learn, and unlearn there is a need to evaluate and measure the effectiveness
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