Innovation Ecosystem Activator

WHAT IS AN INNOVATION ECOSYSTEM ACTIVATOR?

An Innovation Ecosystem Activator (or activator for short) maximizes the impact in Innovation Ecosystems by addressing the social part of innovation. They create movement, connect the whole innovation ecosystem and stimulate cross-functional collaboration.

They make sure that the visions for ecosystems are being effectively realized by increased participation, while supporting the individuals in said ecosystem to realize their own goals, creating balance between autonomy and collaboration.

Startup Genome states that local connectedness—especially relationships with other founders—is strongly associated with higher startup performance. While less connected startups have lower employment and slower employment growth as well as lower revenues and slower revenue growth.

Most Innovation Ecosystems around the world don’t incorporate larger connectedness and cross collaboration methods into their strategies or it’s assumed it will happen by itself, which it rarely does. They are consequently missing out on massive opportunities and return on investment compared to an ecosystem with an Innovation Ecosystem Activator. People in the ecosystem need to be continuously connected with each other, get the right resources at the right time and be nurtured to maximize the impact.

In order for organizations, corporations, cities and even countries to stay contemporary and drive progress the need for effective innovation ecosystems is crucial. This is where the Innovation Ecosystem Activator is operating. That’s why the Innovation Ecosystem Activator has strong connections with ecosystem leaders, to drive understanding of the needs of the greater vision.

The Innovation Ecosystem Activator cultivates an ongoing and long lasting environment that’s supportive and inspiring for the innovation ecosystem. They bring the opportunity for ecosystem members to asynchronously develop and grow their own ideas, and have individual as well as collective impact.

Venture Café was named a best practice for activating innovation districts by the Brookings Institute.

Julie Wagner - President, The Global Institute on Innovation Districts & Nonresident Senior Fellow, Brookings Institution

THE MAKINGS OF AN INNOVATION ECOSYSTEM ACTIVATOR

ONGOING

An Innovation Ecosystem Activator has no end date to their process but is ongoing, which allows for asynchronous growth of all participants through their complete journey. One main difference from an accelerator.

CULTIVATES SUPPORT AND INSPIRATION

The Innovation Ecosystem Activator cultivates an ongoing and long lasting environment that’s supportive and inspiring for the innovation ecosystem. They bring the opportunity for ecosystem members to independently develop and grow their own ideas, and have individual as well as collective impact.

ACCESSIBLE

Innovation Ecosystem Activator provides networks and encourages collaboration among diverse teams and departments. Different perspectives can lead to more innovative ideas.
An Innovation Ecosystem Activator has to be accessible for everyone, also for people who are yet to start their journey. A significant difference from an incubator.

 

NETWORK- AND CROSS-FUNCTIONAL COLLABORATION

Innovation Ecosystem Activator provides networks and encourages collaboration among diverse teams and departments. Different perspectives can lead to more innovative ideas.

Please be aware, as of December 14th 2023, Venture Café St Louis paused its operations. You can read more in the News section below.