A Blog for Innovation People by Innovation Experts

We’re so excited to announce today that Productable launched the third phase of our partnership with the U.S. Air Force, bringing us to $3.2 million in total Air Force funding. This third phase really gets to the meat of why I launched Productable in the first place: We get to build out a beginning-to-end portfolio solution. We’ve been laying the groundwork for the Air Force portfolio solution for almost a year now, working with them to enhance their visibility into projects and their reporting capabilities. Now it’s time for the fun stuff.‍ WHAT IS PORTFOLIO INNOVATION ANYWAY?‍ In short, portfolio innovation is an approach that mitigates innovation risk and focuses on long-term strategies. This is accomplished by placing lots of bets -- think thousands for an organization as big as the Air Force. Ideally, leadership invests smaller dollar amounts into many, many early phase projects with the expectation that most of these will fail, leaving more resources for project development further down the pipeline.In my recent valley of death webinar, I talked about how a portfolio approach solves this problem and how leaders and innovators both play a critical role. ‍