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By Elijah Eilert Innovation accounting is an emerging discipline aimed at improving the poor track record of predicting outcomes and tracking progress for innovation projects. Traditional accounting methods are not equipped to handle the [...]

By Elijah Eilert In an era defined by rapid technological advancement, groundbreaking business models but also large-scale environmental and social problems, 'innovation' is often hailed as the beacon of progress. [...]

By Elijah Eilert I recently wrote an article called What is Innovation Accounting? Explained by Artificial Intelligence, and was surprised by how well the tool, called OpenAI, managed to describe what innovation accounting is. [...]

By Elijah Eilert My friend Mark Vaughn recently found this interesting tool - OpenAI. In a group chat with friends, we had some fun with it, writing poems and asking the AI silly questions. [...]

By Elijah Eilert “We failed but we have learned so much,” is often heard from innovators. In principle, we should welcome this, as innovation teams sharing their failures is one of the signs of [...]

By Tristan Kromer & Elijah Eilert It is not enough to say, “We’re early stage and we shouldn’t focus on a business plan or metrics.” It is not enough to say, “We’re focusing on qualitative data.” And [...]

By Elijah Eilert What do gold mining and breakthrough product innovation have in common?  The odds of success are low. Only 1 gold mine comes to fruition from 10,000 potential prospects.  Obviously, mining companies [...]

By Tristan Kromer Every once in a while, there’s a question on a forum or in a breakout room that really starts a wild discussion. My favorite example from the Innov8rs forum might be: [...]

By Tristan Kromer & Elijah Eilert In times of uncertainty, we strive for predictability. The relentless pace of change driven by rapid technological advancement has made more and more companies paranoid. They look over their [...]

By Elijah Eilert Traditional accounting methods measure and manage innovation efforts but too often they are one of innovation’s biggest disablers.  Standard business cases and financial modeling for example are not helpful in funding [...]

By Elijah Eilert Where do the dollars go – which ideas get the dosh? Who’s innovation project wins the funds? And more importantly why?  The reality is, that in most cases the best storytellers [...]

By Tristan Kromer KPIs can kill you. Or at least it can kill your efforts to create a truly disruptive innovation. And I can’t think of a more deadly KPI than growth. Of course, [...]

By Tristan Kromer A lot of tours come through Silicon Valley full of CEOs, CTOs, and board members who want to figure out what makes the region tick. They want to see startups, hear [...]

By Tristan Kromer Paid, retention, viral. Those are the three “engines of growth” suggested by Eric Ries in The Startup Way. Companies can pick one of the three to be great at, but they generally can’t manage [...]

By Tristan Kromer Innovation Accounting sounds like one of those semi-humorous oxymorons like “accurate rumors,” “the rules of anarchy,” or “airline schedules.” Innovation sounds exciting! It’s about ideas and novelty. Things we’ve never seen [...]

By Tristan Kromer More and more companies are jumping on the innovation bandwagon and starting their own innovation program. It could be in the form of an accelerator, an innovation outpost in Silicon Valley, [...]

By Tristan Kromer When people say they want to measure innovation or implement innovation accounting, they are often talking about a number of different things, and trying to answer a broad variety of questions: [...]

By Elijah Eilert and Tristan Kromer Liebig’s Barrel When governments, corporations, and entrepreneurs start building innovation ecosystems, there’s a flurry of predictable activity.  Create meetups!  Start angel investor groups!  Make sure we have social [...]