Crowdsourced Innovation powered by Envisioning Labs
We bring contributors from various innovation communities to join us in the co-development of a new product, service or experience.
Test Tube aims to lower the barrier of entrepreneurship while speeding up the commercialization of innovations that matter.
Test Tube adheres to the lean startup principle of rapid prototyping and learning by iterating. The faster we learn what works the faster we dismiss what doesn't. Test Tube aims to produce a proof of concept in as short as 45 days.
Innovation by Collaboration
Multidisciplinary lean teams are the core units of Test Tube. Small teams comprised of multiple expertise are formed and inducted in the principles of design thinking. We strongly believe that it is this plurality that triggers out-of-the-box thinking and helps in identifying innovation opportunities at the intersection of domains.
Focus on projects
Test Tube is focused on producing proof-of-concepts that have the potential of becoming a solution rather than building a company. While the outcome of a Test Tube project could certainly lead to the formation of a company or the acquisition of investment, it is not the primary concern of the initiative. In this sense, Test Tube could be taken as a pre-incubation stage.
Envisioning Labs runs the Vancouver Innovation Labs with more than 600 members; this community is comprised of a rich mix of interdisciplinary professionals ranging from hackers and inventors to city officials and business owners.
Meet some of these innovators.
These projects draw funding from either Envisioning Labs, an Envisioning Labs client or government grants (NSERC, MITACS, NRC, etc.); and have a defined objective based on the need of the sponsoring entity. An agreement with the sponsor stipulates the contributors’ roles and compensation as well as the ownership of the resulting intellectual property.
These are exploratory projects that intend to develop a new product, service or experience where contributors are comfortable trading time for equity in the project's outcome. We use a Dynamic Equity Split methodology to compensate each contributor fairly (including contribution as intellectual property).
Depending on their nature, Equity-Based Projects could be privately funded or crowdfunded via Indiegogo or Kickstarter.
In special situations we would partner with well-known organizations in developing a project that has the potential to have high visibility in the market and could benefit the brands of all stakeholders involved. Depending on their expected outcome these projects could then move to be considered "Equity-Based" or "Sponsored" projects.
TYPES OF PROJECTS
For Partner Organizations
Partners will benefit for having a unique opportunity to lend their resources to contribute in projects that aim at increasing their brand visibility. We believe that tapping into a large and diverse community of innovation enthusiasts could also help in the identification of key talent for the partner organizations' own resource pool.
For Clients (Sponsoring Projects)
The ability to leverage an innovation community as a way to identify business and growth opportunities is a unique offering that seldom organizations can provide. Envisioning Labs remains hands-on during the project development and coordinate both resources and deliverables. Innovation is really the art of connecting the dots and we believe that with this crowdsourcing approach we are able to identify plenty of dots to connect.
Contributors benefit on two fronts: the opportunity to become the owner (shareholder) of the outcome of the project be it a new product or a new business; and of course getting to work in a truly multidisciplinary team of talented individuals while learning the latest methodologies in project and innovation management, rapid prototyping and lean startup principles.
For Envisioning Labs
Our ultimate goal is to develop a crowdsourced "innovation playground" that uncovers business opportunities at the intersection of disciplines. With Test Tube we are aiming at lowering the entry barrier of entrepreneurship while speeding up the commercialization of innovations that matter.
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Innovating from Vancouver