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posts tagged ‘MVP (minimum viable product)’

The wastewaters of innovation (literally!)

Billing itself as the world’s largest annual water quality exhibition, the 84th Annual Water Environment Federation Technical Exhibition and Conference (WEFTEC) draws 20,000 people from all over the world and has almost 1000 exhibitors. Because the show provided an opportunity to meet with a wide spectrum of wastewater players -- from utilities, corporations, manufacturer reps, and consultants to investors, analysts, and non-profits -- I wanted to share some of what I heard while showcasing our hydrodynamic separation (HDS) technology platform. Especially because I think the comments reflect the nature of innovation in the wastewater industry today.

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From lean startups to open innovation success

A startup is any organization of any size dedicated to creating something new under conditions of uncertainty; the challenge is how to penetrate that fog of uncertainty to discover a path to a successful, sustainable business. I'm not going to restate all of the points in Eric Ries' PARC Forum talk -- you can watch it here -- instead, I want to share how we’ve been practicing similar concepts at PARC and compare and contrast some specific Lean Startup methods with our practices in Open Innovation. One key difference for example is in the strategy of MVP.

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