Innovation Fact 10 – Sell an old idea to someone new

Sell an old idea to a new market - innovation fact 10 - creax innovation experts Belgium

Developing new solutions can be expensive, complex and risky. So why not identify new applications and markets for your existing knowledge and solutions? This lowers the risk and leads to new successes faster and cheaper.

Innovation Fact 11 – You are never too big to fail

Too big to fail - innovation fact 11 - creax innovation

Innovation is often seen as risky, but it doesn’t have to be a fuzzy process of trial and error. By applying a proven method and understanding your industry and market, you can make informed decisions, removing the risk from innovation.

Innovation Fact 12 – Know when to innovate

Know when to innovate - innovation fact 12 - creax innovation experts

Getting the timing of innovation right is fundamental to maximizing the returns. Bad timing can lead to disaster, whether you get to market too early or too late. These are the items to consider.

Innovation Fact 14 – Waste is money

Waste is money - innovation fact 14 - creax

What is of no use for you can still be valuable to someone else. Audit your waste stream. It can pay off to put some effort into identifying partners who are keen to take your waste and use it as a source material for their product.