What Is Sense and Its Innovation Approach?
Sense is all about improving the outcomes of innovation. Their tools, methodologies, and programs are designed to optimize business models and drive successful innovation. Innovation initiatives can be tricky—full of unknowns, barriers, and uncertain goals. Traditional methods often demand information that just isn’t available early on. Sense tackles this head-on with approaches that help navigate those uncertainties, making innovation less of a gamble and more of a calculated journey.
Main Benefits of Sense’s Innovation Solutions
Here’s a quick snapshot of what makes Sense stand out:
- 83% of startups in their programs keep growing after three years.
- Supported over 700 innovation projects across 50 countries.
- Worked with a diverse range of clients: startups, SMEs, academic institutions, government agencies, and large corporations.
- Focus on evidence-based decision-making, replacing assumptions with solid, quantified data.
- Expertise in business model simulation, innovation management, and service design.
Business Model Simulator: Designing for Success
Sense’s Business Model Simulator is a powerful tool that helps design and refine business models using proven methods. It zeroes in on key metrics like Lifetime Value, Working Capital Requirements, and Risk. What’s cool is that it allows users to create and compare alternative strategies, optimizing for things like time to market, revenue, profit, and efficiency. This means businesses can test different approaches before committing, reducing risk and boosting chances of success.
Innovation Toolkit: Making Decisions with Confidence
The Innovation Toolkit is all about quantifying options, decision quality, and evidence. In other words, it helps users make smarter decisions by turning assumptions into researched, data-driven insights. This toolkit is especially handy in uncertain environments where guesswork can lead to costly mistakes. By relying on solid data, businesses can improve the quality of their innovation outcomes and move forward with greater confidence.
Expert Consulting Services: Specialized Support
Sense offers expert consulting that covers innovation management, service design, and business model simulation. Their team dives deep into market analysis and stakeholder mapping, optimizes user journeys, and plans implementations with precision. They also develop PESTELC models to track factors impacting adoption and compliance. This comprehensive support ensures that innovation projects are well-grounded and strategically sound.
Project Impact: Aligning with Sustainable Development Goals
- SDG 8: Decent Work and Economic Growth – fostering sustainable economic growth through innovation.
- SDG 9: Industry, Innovation, and Infrastructure – promoting resilient infrastructure and sustainable industrialization.
- SDG 12: Responsible Consumption and Production – encouraging efficient use of resources in business models.
- SDG 17: Partnerships for the Goals – collaborating across sectors and countries to drive innovation.
Customized Innovation Programs: Tailored for Growth
Sense develops customized innovation programs that range from hands-on workshops to long-term incubation initiatives. These programs are crafted to build innovation capabilities and foster a culture that embraces new ideas and solutions. Whether it’s venture building or nurturing projects over time, these tailored programs accelerate development and help organizations stay ahead in a fast-changing world.
