Innovation Strategy and Commercialisation

Innovation is the cornerstone of technology and technical growth. But it isn’t ever easy. The usual gap is between Great Ideas and Commercial Ideas. While there are tons of ideas out there, which ones will make it to the competitive market, and then, which will survive ? &Mine take the guesswork out of the Innovation Strategy and Commercialisation challenges with a pre-testing process.  The idea is simple; spend a little now to weed out all the possible problems that may eventuate, an ensure your overall play into market is aligned for success.

Innovation Strategy and Commercialisation is all about “The Market”

There is a huge landscape of digital communities and platforms which drive the awareness and take up of any new product or service. How well it lands and spreads in market is defined from the cost of acquiring a new user (or customer). This is part your product (or service) and how this interacts with the consumers and marketplace, part the communication (marketing) and part the platform(s), channel and advertising strategy.  Some quick examples;

  • What is the point in having a creative, cut-through campaign if your website is in shambles? At AndMine, we like to start by perfecting the end-to-end communication before we think about engaging potential customers.
  • Is it necessary to be across every digital channel available? Obviously this comes back to your audience, so lets look at social – just because you can do Instagram, Facebook, Snapchat and YouTube doesn’t always mean you have to (or should).
  • If you use multiple platforms, how do you make them multiply your results ? Think of each platform or medium as a messaging multiplier. For example, the eDM can introduce a new product with a key feature or USP, the landing page might have additional features and pricing, then social media platforms might include an introductory offer or customer reviews. While each multiple has a different message, they have to halo each other, so the over-arching value proposition and communication is clear from any pathway.
  • How do you meet your business plan or IM KPIs ? Numbers matter, more importantly results matter, and if you aren’t critical of what your commercial to-market costs and acquisitions costs are, you’re burying you head in the sand hoping for the best. Most of this can be pre-vetted, forecast and quickly tested to determine if you are on the right track for both online and offline pathways – data is king.  
  • Encourage consumer generated content, why would you do all the work if you don’t have to? This comes down to great engagement, engagement which is often persuaded.

What to know more and vet your idea, innovation or campaign? Talk to us about our Innovation Strategy and Commercialisation processes which review, confirm or help knock you back to the drawing board and tighten up your product or service development to be more aligned to the Market, and less about the hype in your head.

While Innovation Strategy and Commercialisation forms one aspect of your digital ecosystem nothing online sits in a silo. &Mine's in-house team now delivers 159 services; Avoid costly mistakes and #WIN online. Read our expert articles, or - and you’ll get

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&Mine Laboratory

&Mine team is a melting pot of technology and creative minds. Each year, we slice a few percent of our bandwidth to develop our own commercial projects. For example, we have developed a prototype Posture Detector with the help of Melbourne University's Engineering Department that will send signals to your smartphone and vibrate if your posture is poor. We are also improving our suite of cloud based software applications like Meet&Mine, our Networking Software. During its first year gathering data, it referred over half a million dollars of real business for a small Melbourne network group. If you’d like to know more about our laboratory projects and how you can get involved in capital raising, marketing or support, simply contact us.

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  • AndMine

    Digital Agency in Melbourne.
    Level 14, 333 Collins Street
    Melbourne VIC 3004
    Victoria, Australia
    Tel: +613 8844 5800
  • AndMine

    Digital Agency in Sydney.
    Level 5, 50 Holt Street
    Surry Hills,
    NSW 2010
    New South Wales, Australia
    Tel: 1300-ANDMINE

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