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Ecosystemic Futures

85. Fluid Systems, Firm Results: Architecting The First Mile of the Innovation Ecosystem

Apr 23, 2025
Teri Schindler, Co-founder and CEO of Herzog & Schindler, shares her extensive experience in building innovation platforms. She discusses transforming the chaotic "first mile of innovation" into an accelerator for breakthroughs. Teri emphasizes the importance of 'structured serendipity' for fostering collaboration and highlights a government initiative that evaluated 500 health ideas, showcasing the need for interconnected ecosystems. The conversation also covers the role of AI and blockchain in enhancing idea exchange and the significance of bridging digital communities into real-life engagements.
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Podcast summary created with Snipd AI

Quick takeaways

  • The chaotic first mile of innovation can be transformed into an accelerator of breakthroughs through structured processes and cross-disciplinary collaboration.
  • Open innovation fosters community engagement, allowing diverse stakeholders to contribute to idea generation and creating richer ecosystems for innovation.

Deep dives

Understanding Open Innovation and Ecosystemic Transformation

Open innovation is reshaping modern landscapes by promoting collaboration and the sharing of ideas across organizational boundaries. This approach actively seeks diverse inputs from external sources, fostering a culture of knowledge sharing and iterative development. The emphasis on community engagement allows various stakeholders to participate, leading to richer ecosystems that drive innovation. By integrating structured processes within open innovation frameworks, organizations can create environments where novel solutions flourish, particularly in sectors driven by rapid technological advancements.

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