Some aspects that are important to successfully innovate within an organization will be discussed in this presentation. 

The relationship of science and art follow the same principles to successfully innovate. 

The Darwin’s principle applies not only to living beings but also to organizations: only the ones that adapt continuously to their (market) environment, will survive. 

The organization benefits from innovation to factors, such as having a competitive advantage, better efficiency, higher productivity, and better dealing with changes. 

The innovation cycles by Joseph Schumpeter are the industrial revolution (first wave, e.g. water power/cotton mill), to second wave (e.g. steam power/railway), to third wave (e.g. electricity/assembly line (automotive industry, to fourth wave (e.g. mass adaption/aviation), to fifth wave (e.g. internet/software) to the current six wave (e.g. clean tech/AI & IoT). 

The example of the Biomedical industry is used concerning the 4 phases of innovation ((1) idea, 2) concept, 3) solution and 4) market) and its contributors (Academia, Biomedical Research and Pharma companies); and the overlap of the different innovation phases by the contributors demonstrate that there are no clear borders between the different contributors. 

The key ingrediencies for the innovation success of an organization are e.g. the team size, infrastructure, technology platforms, funding, IP rights and external resources and co-operations. 

The three main factors that make up a High Performing Team are the sense of common understanding, the psychological safety and the prosocial purpose. 

The steps of how to build a High Performing Team are 1) efficiency across organization, 2) Use of SMART goals, 3) same objectives, 4) grow team professionally, 5) data driven culture. 

The innovation culture consists of three dimensions: 1) innovative ability, 2) willingness to innovate and 3) innovation potential; and they stay in relationship to each other. 

Another aspect is the innovation ecosystem (entrepreneur & team, university, government, corporate and risk capital); and the questions that organization will ask to successfully interact with an innovation ecosystem: 1) what do you want to acquire, 2) who of your organization will interact with whom of the innovation ecosystem, 3) how will you interact successfully. 

The last aspect is leadership: to know the team, to understand the culture and to improve it; to be a mediator, a coach, to set the stage for the team and to serve as the captain in challenging situations.

The sources used for this presentation: Getty images (pic), Harry Hadders (pic), World Bank (diagram), Edelson institute (diagram), Harvard Business Review/Slingshot (high performance team), innovation culture (lead-innovation.com), innovation ecosystem (MIT innovation office).