ACCELERATE is a comprehensive software solution designed to guide organizations in taking their best ideas from conception to successful implementation. It facilitates the close planning, implementation, and monitoring of innovation projects, enabling users to track progress effectively, scale investments as promising ideas emerge, and consistently understand their return on innovation. The platform acknowledges the inherent uncertainty and high failure rates associated with ambitious innovation projects, providing tools to quickly identify what is working or not and to act accordingly. It emphasizes structured planning for innovation projects, which, due to their high uncertainty, require activities focused on learning about an idea's potential and feasibility. This includes defining key tasks and milestones for idea validation, identifying bottlenecks before resource depletion, and iteratively refining initial plans. Furthermore, ACCELERATE helps organizations vigilantly monitor their innovation projects to prevent 'zombie projects' from draining precious resources and clogging the innovation pipeline. It supports tracking appropriate metrics for each project, ensuring team commitment, and making evidence-based decisions to either invest further or discontinue projects. Ultimately, the software assists in maintaining a balanced innovation portfolio, ensuring the company creates value across all fronts: productivity, transformation, and growth, by building a portfolio that complements strategic plans and allows for different goals, metrics, and governance for various levels of innovation, including a mix of sustaining and breakthrough projects.

Features & Benefits

• Innovation Project Planning
  • Facilitates the definition of scope, outcomes, and schedule for innovation initiatives.
  • Define key tasks and milestones to validate ideas.
  • Identify stuck projects and provide timely support before resource depletion.
  • Iterate initial plans towards effective, working strategies.
• Proactive Portfolio Management
  • Enables strategic management of innovation investments to ensure a healthy and productive portfolio.
• Innovation Project Monitoring
  • Provides tools to continuously oversee portfolio results and project performance.
  • Track appropriate metrics for each project.
  • Ensure continued team commitment and engagement.
  • Make evidence-based decisions to invest more or discontinue projects.
• Balanced Innovation Portfolio Maintenance
  • Helps create and sustain a diversified innovation portfolio that aligns with strategic goals.
  • Build a portfolio that complements strategic plans and needs.
  • Manage different goals, metrics, and governance for various innovation levels.
  • Create the right mix of sustaining and breakthrough projects.