Challenge
How could the firm establish an effective wearable tech accelerator with minimal staff? They sought to evolve from ideation to impactful wearable innovations.
Solution
They adopted an industry-proven wearable tech accelerator model to swiftly cultivate and validate innovative wearable concepts.
Impact
With this approach, numerous employees have contributed to evolving ideas into validated business cases, specifically targeting chronic.
Prioritizing Innovation in Wearable Tech
Recognizing the transformative potential of wearables in healthcare, the company's leaders emphasized innovation as a strategic focus to cultivate and scale.
Overcoming Innovation Hurdles
Initial reviews showed ideation without direction, leading to stagnant projects. Moreover, the risk-averse culture, compounded by funding constraints, stifled progress and dampened the innovation spirit.
Launching a Wearable Tech Accelerator
To house and advance these ideas, they formed an in-house accelerator, spearheaded by a newly appointed innovation leader, who, alongside the VP, took on the considerable task of structuring, coaching, and facilitating the program with limited resources.
