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How can your existing network help you expand your innovation network?

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Innovation is not a solo act. It requires collaboration, feedback, and diverse perspectives. Whether you are developing a new product, service, or process, you need to connect with people who can help you turn your ideas into reality. But how can you find and engage with these people? How can you expand your innovation network beyond your existing contacts? In this article, we will explore some strategies to leverage your current network and reach out to new potential partners, mentors, and customers.

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Achyut Chandra ???? ? AC ?

Driving ecosystem innovation strategies for B2G/B2B/ B2B2G/ G2C ? Angel investor (Tech, B2B) ? Power connector ?…
Mozammil Rizwan

Hyper Automation Solution Consultant | Azure AI Services | OCR | Document Processing | GenAI | ERP, CRM, HCM, EDI, SCM,…

1 Identify your goals

Before you start networking, you need to have a clear idea of what you want to achieve and who you want to connect with. Do you need technical expertise, funding, market access, or feedback? Do you want to collaborate with peers, mentors, customers, or suppliers? Do you want to join an existing community, create your own, or both? Having a specific and realistic goal will help you focus your efforts and communicate your value proposition.

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Mozammil Rizwan

Hyper Automation Solution Consultant | Azure AI Services | OCR | Document Processing | GenAI | ERP, CRM, HCM, EDI, SCM, E-Commerce, Healthcare Automation Specialist
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My existing network can expand my innovation network through collaboration and knowledge sharing. By leveraging my connections, I can identify potential partners, experts, and resources, facilitating interdisciplinary collaboration and the exchange of ideas. This, in turn, can lead to the cross-pollination of innovative concepts, access to diverse perspectives, and the identification of emerging trends and opportunities. Ultimately, this synergy within my network can drive innovation by fostering a dynamic ecosystem of creativity and problem-solving.

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2 Map your network

Once you have your goal in mind, you need to assess your existing network and identify the gaps. Who do you already know that can help you with your innovation project? Who do they know that can introduce you to new opportunities? Who are the influencers, connectors, and experts in your field or industry? You can use tools like LinkedIn, Twitter, or CRM software to visualize and organize your contacts. You can also ask for referrals, recommendations, and introductions from your trusted connections.

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3 Expand your network

After you have mapped your network, you need to find ways to expand it and reach out to new people. You can do this by attending events, joining online platforms, participating in challenges, or creating content. Events can be conferences, workshops, hackathons, or meetups where you can meet like-minded people and showcase your innovation. Online platforms can be forums, blogs, podcasts, or social media where you can share your insights, ask questions, and follow influencers. Challenges can be competitions, awards, or grants where you can pitch your innovation, get feedback, and win prizes. Content can be articles, videos, webinars, or newsletters where you can demonstrate your expertise, attract attention, and generate leads.

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4 Nurture your network

Finally, you need to maintain and strengthen your network by providing value, building trust, and following up. You can provide value by offering help, advice, resources, or referrals to your contacts. You can build trust by being authentic, respectful, and professional in your interactions. You can follow up by staying in touch, updating your progress, and asking for feedback. You can also use tools like email, social media, or CRM software to automate and personalize your communication.

Networking is a key skill for innovation. By using your existing network as a starting point, you can expand your innovation network and access new resources, opportunities, and perspectives. You can also create lasting relationships that can support your innovation journey and career growth.

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Achyut Chandra ???? ? AC ?

Driving ecosystem innovation strategies for B2G/B2B/ B2B2G/ G2C ? Angel investor (Tech, B2B) ? Power connector ? Lifelong learner and technology enthusiast
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Create regular meetups in person or virtual. It's called a network effect and is very strong. For eg. #1 Startups- A country may have few areas designated as clusters which are locations which have innovators of the same technology, engage with them and also cross pollinate between other clusters for people to share experiences. #2 VCs - Investors create funds with themes, engage with them early on to identify your play as an ecosystem partner.

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5 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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How can your existing network help you expand your innovation network?

1

2

3

4

5

1 Identify your goals

2 Map your network

3 Expand your network

4 Nurture your network

5 Here’s what else to consider

Technological Innovation

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How can your existing network help you expand your innovation network?

1

2

3

4

5

1 Identify your goals

2 Map your network

3 Expand your network

4 Nurture your network

5 Here’s what else to consider

Technological Innovation

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