Innovation Endorsement (InE)
Overview – Innovation Endorsement (InE)
The GInI Innovation Endorsement is Global Innovation Institute’s validation of a specific, individual innovation that a business has conceived and implemented. Endorsements serve as a means of validating the business’ innovation efforts and outcomes, without requiring the business to reveal confidential details to the public. Many organizations, particularly those in the public sector as well as non-profits – where validation is not always derivable from direct market impact – require such validation when pursuing assessments and awards, such as those awarded by certain governments for overall business excellence.
The Meaning and Significance of Endorsement
Endorsement of an innovation by Global Innovation Institute signifies that the innovation has satisfied not only the qualification requirements set forth by GInI, but just as importantly, has demonstrated its true merit as an innovation on the basis of its actual adoption, usage, and business impact, delivering real value where none previously existed. Thus, irrespective of whatever acclaim, recognition, and/or financial success it might have otherwise garnered, the innovation is recognized for the overall business impact it creates. Endorsement also signifies that the business involved is the one who has conceived, defined, developed, and deployed the innovation, typically for its own exclusive use. Since not every purported “innovation” meets GInI’s strict qualifications, having one’s innovations endorsed by GInI is an honorable achievement.
What Should Be Endorsed?
The GInI Innovation Endorsement is intended for actual, real innovations that a business has conceived, defined, developed, and deployed into real-world usage. The nature of these innovations can range widely – from innovative new internal processes and/or process changes, to innovative improvements in existing offerings, to radical, breakthrough innovations never ever seen before. All of these are fair subjects for endorsement, so long as they meet the qualification requirements set forth by GInI.
The Nature of the Business
GInI places no restrictions on the nature or type of business which may apply for an Innovation Endorsement. The business can be in the private sector or public sector, privately-held or publicly-traded, for-profit or not-for profit, SME or MNC, and so forth. The business may even be a sole proprietorship. What is important in this process is the nature of the innovation and the details of its conception, definition, development, and deployment, regardless of who or what the business is behind it. Accordingly, GInI does not discriminate on the basis of any factor relating to the business itself.
Endorsement Qualifications
In order for a business’ innovation to be endorsed by Global Innovation Institute, it must:
a) Represent a solution to a problem that is truly novel relative to previous solutions.
b) Be legitimately conceived, defined, developed, and implemented by the business – either alone or in
partnership with other businesses.
c) Be used exclusively by the business and/or licensed to another business for exclusive use.
d) Have been in use for a minimum of six (6) months and thus able to demonstrate a positive impact on the
business and the intended customers.
If an innovation can meet these four qualifications, then it is eligible for consideration for endorsement. Accordingly, GInI does not endorse:
• Ideas.
• Intellectual Property.
• Inventions that have never been used to create real value for the business or its customers.
• Innovations in development which have yet to be deployed.