Melbourne Business School needed a partner to design and drive a repeatable model for creating new and innovative revenue-generating ideas focused on the future of work and learning.
They had established MBS&, their innovation lab, with the mission of being: “A catalyst for trailblazers to solve the biggest learning problems and launch innovations that redefine how curious learners and organisations grow.”
A beta incubator program would be the initial vehicle for achieving this mission, proving out the innovation model through a series of new ventures.
MBS& needed support to define processes with their team, upskill and expand their capabilities, build confidence across the organisation, and lay the foundation for the program to operate and succeed.
As the leading business school in Australia, backed by business for business, MBS were in a unique position to create a different approach to learning innovation that sits outside traditional academic, corporate, or startup structures.
We worked with the MBS& team to design a bespoke incubator program that outlined the process and capabilities to identify and launch new ventures.
Design thinking approaches were adapted to their unique organisational context, from market scanning through to prototyping and business case development, with repeatable methods created in collaboration with MBS& team members.
We anchored this around a desirability, feasibility, and viability model, while adding key lenses for MBS& including sustainability and organisational capability.
A series of research activities were planned with a focus on gathering customer and market perspectives, with robust data synthesis to ensure ventures could be executed and were aligned to MBS& strategic objectives.
Learning while doing was an additional objective of the incubator, building capability by: designing an innovation playbook, leading reflective sessions within the team, and engaging advocates across MBS and the broader ecosystem.
Together we took over 60 concepts identified in the innovation process and rigorously assessed them, leading to a high fidelity prototype and business case for the biggest opportunity, ready to be taken into development and funding.
MBS& also had a backlog of new venture ideas to explore further, a repeatable innovation model, and an empowered and energised team ready to push the future of learning forward.
Our key MBS& stakeholders shared that: “The beta program was a huge success, unlocking the future of our pipeline and venture strategy, and proving out our innovation process with the team we’ve always dreamed about”.
We’re continuing the collaboration into 2024, iterating the program to create a continuous innovation pipeline across horizons and opportunity spaces.