Creating an Innovation Accelerator to Build New Digital Businesses
The Challenge
A leading rare disease biotechnology firm faced increasing competition in it’s core markets. The leadership team identified innovation as a key enabler to future strategic positioning, with significant opportunity in data and digital tools.
Change Logic’s Role
- Ambition –we designed the business case, established the team, and built out the accelerator capability.
- Setup and Operations – launched Sprint Teams to develop identified opportunities and designed governance practices for team sponsors.
- Ecosystem & partnerships – engaged teams with the digital pharma ecosystem, including startup engagement and partnerships. Ecosystem adoption strategy designed.
Impact
- Funding and sponsorship secured for new business projects exiting the accelerator in areas such as digital biomarkers and digital clinical trials.
- Venture scaling paths identified and designed.
- Other digital projects folded into the Accelerator from across the business – realizing the power of the ‘attractor’ strategy due to success.
We are growth builders
We partner with visionary leaders to realize their businesses’ full potential.
