Visa and Exago’s partner launch programme to accelerate Brazilian fintechs

Visa and Kyvo Design-Driven Innovation, an Exago consulting partner, are looking for Brazilian financial technology start-ups to participate in Track, their new business acceleration programme. Five will be chosen for the six-month programme, split between São Paulo and Silicon Valley in the US. Applications are open until 31 March.

Both Visa and Kyvo will support the selected candidates in defining their business models and in developing designs, products, services and marketing tools and strategies. Each start-up can obtain financing of up to R$ 235k (over €70k) in technologies, while also having access to Global Silicon Valley labs’ (GSVlabs) exclusive strategies and methodologies and its network of 170 mentors.

Kyvo has recently become a representative of GSVlabs, the powerful innovation ecosystem platform, and the exclusive user of its acceleration methods in Brazil – completing a full circle with the partnership developed with Exago, which is more closely focused on idea selection and building.

Kyvo Design-Driven Innovation is an innovation consultancy that employs service design to improve clients’ experiences of services and digital products. Kyvo has created 3D, a 3-step design process that employs different visual tools to deliver a great experience and relevant results to clients, fully complementing Exago’s innovation management solution.

KPMG’s survey reveals how collaboration is central to success

Exago has partnered with KPMG in Portugal to promote the first global ‘Innovation Survey’ to companies operating in the country. Survey findings show how companies that systematically pursue collaboration opportunities have a significantly higher rate of commercially successful product launches and nearly twice as much revenue growth.

Three hundred participants at the European level took part in the survey, 39 of which were from Portugal. Overall, KPMG’s analysis concluded that good innovators in organisations with a budget allocated to innovation strategy and an idea management solution in place also have the largest share of revenue coming from successful new products launched in the last three years.

The data reveals as well that investing in product development and enhancement impacts positively on revenue growth. Yet it’s interesting to see how companies that focus on innovation to find new sales channels and on customer experience and satisfaction improvement have benefited from even higher revenue growth rates in the last three years (> 5%).

However, where innovation is concerned, the journey for companies is still a long one. There is a lack of well-structured innovation management processes to stimulate it and a lack of experience, as the battle to recruit talented innovators is growing.

The survey includes an in-depth analysis and insights from KPMG’s global experts and Exago’s CEO on subjects such as:

  • How is idea management structured?
  • Why is collaboration needed?
  • Where do companies focus their efforts, how do they finance innovation and what are the companies’ challenges?
  • How are corporates responding to the drivers of innovation and positioning their strategies?
  • What separates good from bad innovators?

You can check out Portugal’s results here. A short summary is also available below in English.

 


KPMG INNOVATION SURVEY 2016 – EXECUTIVE SUMMARY

‘1. Collaboration is crucial to success
Companies that systemically search for collaboration opportunities secure a higher success rate for their products and almost double the increase in income.

2. The building of broader innovation skills demands a more complex transformation process
In spite of evidence that supports the focus on collaboration efforts, only a few companies enjoy effective collaboration, as it requires a complex transformation process at both a cultural and an operational level.

3. Business model innovation offers significant opportunities in a world dominated by innovative products
The main focus in all industries is product development and improved process development. However, the creation of new selling channels, alternative income models and the discovery of new or present needs might have the same level of impact as the innovation of the company’s main functions and the product itself.

4. The war for talented professionals is ongoing
Most of the time, the main challenge that companies face in terms of innovation is related to lack of people with the required competences and the necessary experience.

5. Fine innovators have an implemented innovation policy
Companies that have implemented process management and innovative governance models enjoy a high rate of success with their products and a significant share of their income comes from products launched in the past three years. However, only 16% of companies use this approach in the management of their innovation programmes.

6. In spite of the importance of commercial deadlines, the inability to meet deadlines is where most projects fail
Meeting deadlines in the project’s chronogram is the main challenge of ongoing projects, with about 30% of projects falling behind schedule. The speed of commercialisation is particularly important as it can generate a competitive advantage.

7. Collaboration is anchored to your comfort zone
Research and Development (R&D) collaborations are particularly important, even if companies often find themselves limited to only business partners. Collaboration with universities, start-ups and incubators is much less common. Different kinds of collaboration partners have different strong points and contribute with different skills and resources. For that reason, diversifying collaboration partners offers more opportunities than maintaining a single collaboration with only one type of partner’.

Exago’s partner is the exclusive user of GSV acceleration methods in Brazil

Kyvo Design-Driven Innovation, an Exago consulting partner, is now the representative of Global Silicon Valley labs (GSVlabs) in Brazil. By joining forces with the powerful innovation ecosystem platform, Kyvo can use the group’s exclusive accelerator strategies and methodologies with start-ups in Brazil, while also having access to 170 mentors’ expertise.

This partnership creates a bridge between the entrepreneurial communities in Brazil and Silicon Valley. It will also work to help large organisations create and connect to start-ups through a scalable business model – a method used by companies such as Intel, 3M, AT&T and JetBlue in the US.

Kyvo is an innovation consultancy that employs service design to improve clients’ experiences of services and digital products. Fully complementing Exago’s innovation management solution, Kyvo has created 3D, a 3-step design process that employs different visual tools to deliver a great experience and relevant results to clients.

Hilton Menezes, co-founder and strategic designer at Kyvo, explains that this new partnership with GSVlabs also complements the one developed with Exago: ‘The programme is focused on corporate venture. So, a large corporation can use Exago’s idea management platform in a pre-acceleration phase, and after idea selection and building, we can now spin off a business to rotate as a start-up within this new acceleration programme.’

With its headquarters located in the Silicon Valley, within the San Francisco Bay Area, GSVlabs’ activity is concentrated in professional campuses within select growth hubs around the world. GSVlabs brings professionals, start-ups, corporations, and investors together to accelerate dynamic businesses. It is part of the Nasdaq-listed GSV Capital, which has invested in companies such as Facebook, Dropbox and Spotify.

ASO Company holds innovation conference in Istanbul

Exago’s partner ASO Company brought together over 100 innovation and human resources managers and some of Turkey’s leading firms – such as Siemens, LinkedIn and Vodafone – for its Corporate Innovation and Intrapreneurship Conference, this month in Istanbul. At the event, Exago’s Idea Market software offered grounds for debate on open innovation best practices.

Aylin Olsun, managing partner of ASO Company, says, ‘This conference has shown us that it is possible and desirable for big brands and companies to adopt an entrepreneurial mindset to stay nimble and innovate faster. Tools such as Idea Market can help them build up and widen capabilities to find new and better solutions and become more appealing to the most talented employees.’

With the Millennium Generation bringing businesses new challenges and ‘dreaming of doing things and work they feel can have a real impact’, attracting and retaining top talent has become more demanding, Olsun explains. ‘Corporate innovation and intrapreneurship programmes can provide companies with the opportunity to adapt to rapidly changing market conditions while creating a strong employer brand and strengthening the organisation’s innovation capacity.’ These structural changes only become possible with leadership, cultural change and human resource evolution.

Throughout the conference, participants were invited to get actively involved and share experiences and concerns about how innovation projects can adjust to existing corporate structures. Inspiring start-ups also presented their models for new ways of working and making internal cultures evolve. Social intrapreneurship and its impact on motivations and methods to align intrapreneurship programmes with corporate operations were some of the topics addressed.

One of Exago’s newest partners, ASO Company is a leadership management and human resource consultancy platform specialising in leadership, D&I and corporate entrepreneurship. The company provides solutions and services for leadership and cultural change.

Exago and Enconcreto hold ‘Innovation Lab Bogota’ for top executives

Executives from top companies have gathered in Bogota, Colombia, 17 and 18 September, to get to know and better understand the latest tools available to make innovation tangible. This Innovation Lab, ‘From ideas into results: Building an innovative engine in your organisation through new digital processes and tools’, is offered by Enconcreto, one of Exago’s partners in South America.

Pedro do Carmo Costa, Exago’s director and co-founder, is addressing central topics of both disruptive and incremental innovation – including ‘Tendencies and disruptions’, ‘Insights from the consumer’, ‘Orthodoxies and breaking the rules’ and ‘From ideas into business propositions’. Pedro is also conducting the workshop ‘Involve and engage your organisation through digital platforms’, on how digital media are evolving as key tools to support innovation and business itself.

Putting innovation to work
Applying the concepts, methods and tools presented, participants are addressing a challenge: build ideas for Juan Valdez Café, a multinational coffeehouse chain based in Colombia, specialising in coffee retail. Step by step, they have to understand the chain’s specific goals and business concepts and look for new insights and perspectives – to create new ideas and possibilities.

‘Our main goal is that participants feel confident enough to embrace their own challenges, translating innovation efforts into measurable results and improved indicators for their organisations’, says Isabel Espinosa of Enconcreto.

Enconcreto is a Colombia-based innovation consulting firm helping large organisations structure their innovation initiatives. Enconcreto focuses its attention on the backend of the innovation process, namely prototyping, experimenting, launching businesses and accelerating opportunities.