Tag: budget
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The Right Way to Spend Your Innovation Budget
Innovation is famously difficult — many projects end up losing money, frustrating employees, and going nowhere. And yet corporations and governments spend billions of dollars annually pursuing innovation. This huge spending would generate more value for businesses and societies if the innovation success rate were just a little higher. Is there a way to increase the…
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Budget 2018: All talk on innovation, but funding falls short
A worker handles copies of the 2018-19 Budget papers. Source: AAP/Lukas Coch The federal government is anxious to continue to project its commitment to innovation, but the spending contained in this year’s budget is nothing if not modest. It is particularly dismal in light of the decision to cut back on the R&D tax concession,…
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Innovation isn’t in your workplace
You sit through strategy planning meetings or retreats. Goals are set. Everyone is excited. You’re convinced about the new corporate direction. Four months later, nothing happens. More talks follow and still, little or no action – even Marvin Gaye would ask, “what’s going on?” So, how can you tell that your innovation meetings are just…
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Canadian Innovation: How to get back in the game
Lakshmi Raj had almost everything she needed to grow her company. She had the idea (a cloud-based time-tracking software for businesses), the money ($22 million raised since launching in 1995), and the tech talent (155 software engineers). But she was missing one very important component: a robust marketing team. Raj’s company, Replicon, is based in…
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Innovation is more necessary and accessible than ever — just get ready to kill some ideas
As the healthcare environment grows more complex and uncertain, the imperative to innovate becomes stronger as it opens the door to becoming more distinct, reducing waste, improving public health, and creating new revenue streams. Until recently, innovation, usually in the form of a massive research and development enterprise, has been the privilege of the largest…
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