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.

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.

Collective Intelligence – making it real

We’ve seen that, collectively, each organisation has the answers to many of its current challenges. That we, as managers, sit on an untapped potential of key importance: the ideas and experience of the people working with us.

However, until little over a decade ago, tapping into a company’s collective intelligence was literally unmanageable. The challenges involved were far too complicated:

  • Efficiently collect everyone’s ideas and insights, regardless of individuals’ geographical dispersion
  • Create a collaborative environment where ideas are discussed and enriched
  • Evaluate proposals, in an unbiased way, to find the best answers

A lot has changed. The growth of the Internet, powerful communication tools, social applications and software and corporate adoption of new technologies make meeting these challenges possible. Today, you can easily be open continuously to all the different opinions and inputs from within or outside your company, regardless of geography, time zone and even language. Anyone can collaborate and contribute to innovation agendas, no matter how large the organisation.

Collective intelligence worth millions

The Brazilian company Fleury is an example. This major group – providing clinical analysis in Latin America – has currently more than 10,000 employees. All have been included in Fleury’s innovation efforts.

In 2007, the company initiated a program to encourage suggestions for how to improve its operations, allowing all employees to submit ideas on paper, which were then evaluated by an innovation committee. To optimise the process, the group next adopted, in 2011, the Central de Ideias, or ‘Idea Market’. Created by Exago, this innovation management solution is a software platform where all stakeholders can participate – not only collecting and harnessing everyone’s ideas, but also evaluating them.

Within a year, the results overtook even the most ambitious targets:

  • Ideas submitted: escalating from 1,809, in 2011, to 7,269, in 2012, when the new model was implemented (an increase of more than 400%)
  • Ideas approved: more than doubling, from 443 to 946
  • Ideas implemented: increasing from 225 to 300. In just over two years, more than 900 were implemented.
  • Participation: growing from 712 to 3,309 people (15 months after implementing and disseminating Exago’s model, more than 70% of Fleury’s staff had actively joined in)

More people now improve ideas and select which to implement. The proposals resulting from this model are most likely better because:

  • They are more plentiful
  • They are enriched by all
  • They are chosen by the ‘wisdom of the crowd’

Fleury’s innovations have generated millions of dollars in value. They have reduced operating costs, introducing more efficient, sustainable and environmentally friendly processes.

Earlier this year, almost 7,000 participants were still interconnected and actively participating. People are at the centre of Fleury’s culture of innovation.

What role is then left to managers today?

Pedro do Carmo Costa, Exago’s director and co-founder

Sitting on untapped potential – The power of your organisation’s collective intelligence
What role is left to managers today?

Exago’s “Idea Market” puts innovation to work at Forum Alatur

A weekend at a Rio de Janeiro or Fortaleza hotel, dining experiences with executive transfers, and tickets to exclusive concerts stand out among the prizes waiting for the 300 attendees at the Sixth Forum Alatur. They will bid on these prizes using virtual credits earned while participating in the “Idea Market”. The Idea Market – tailored by Exago – is a platform where all can put in practice the Forum’s theme: “Creativity at the Service of Innovation”.

In the Idea Market’s first week, from 21 to 30 May, participants floated 53 ideas on the two challenges launched: “How to create an amazing travel experience?” and “How to build a solid relationship between travelers and travel management companies?”. Until 6 June, participants can still share ideas, post insights, and invest in each other’s suggestions.

From 9 to 12 June, the auction will open to all. The more value participants have generated, the better their chances of claiming the prizes. To raise the stakes even higher, Alatur JTB – a leader in Brazil’s business travel market – is awarding international trips to the two top contributors.

Harnessing collective intelligence at Alatur

The Idea Market – an innovation management solution powered by Exago – makes managing innovation both easy and simple, as well as fun for participants. This highly efficient software mobilizes stakeholders around a company’s key business challenges, harnessing collective wisdom to draw out value from ideas.

At Forum Alatur, Exago’s VP of Sales for Latin America, Francisco Rhodes Sérgio talked incisively of the power of collective intelligence and the wisdom of crowds. These can unleash organizations’ internal potential to differentiate and thrive in the twenty-first century.

Many other experiences of innovation at work inspired participants at the Sixth Forum Alatur, held from May 29 to 31 in Campinas, Brazil, at the Royal Palm Plaza. Among the event’s highlights was Graeme Codrington – a renowned expert on the future of work and disruptive forces shaping this. He asked his audience to open their eyes and minds to the future, learning to unlearn and embracing change, as “the world will never be the same.”

Exago and Fleury extend collaboration projects on innovation

Fleury is now using Idea Market and Idea Network to extend their culture of innovation.

Fleury’s employees have been using Idea Market since October 2011. Upon implementation participation in innovation programs increased dramatically and produced immediate results including many value-added ideas – after the first year more than 100 ideas were implemented.

In March 2013 Fleury wanted to involve their suppliers in the idea management process and to support those goals selected Idea Network as their platform of choice.

Exago’s software continues to have a big impact with Fleury’s innovation initiatives where both employees and management are committed to firm-wide innovation.