Carrie Armel@carrie_armel

Note: A 3 page white paper is available upon request. Organizations are losing valuable resources because they struggle to generate feasible innovation plans. Human ideation/creative problem solving is vastly constrained. Critically, teams typically only use 1-3 ideation techniques, have limited domain specific expertise, and have limited lateral knowledge for inspirational thinking. Ultimately, HBS research evidences that 95% of all product innovations fail and the McKinsey Global Innovation Survey reports that only 6% of executives are satisfied with their innovation performance. AI, and Innovate AI in particular, can help by quickly iterating through the 60+ ideation techniques, and for each draw from unlimited domain specific and lateral knowledge - to generate actionable ideas in seconds. Innovate AI makes product innovation 10x faster and more actionable. The system works in three phases: Problem & Goal Module - the system captures the comprehensive status quo/problem at hand, and desired innovation objective Ideation Module - the system generates ideas using validated brainstorming techniques (our MVP uses 10; however future iterations of Innovate AI will incorporate more) Decision Module - system assesses innovation feasibility and risk using standard criteria and any additional criteria requested by the team Innovate AI is sold as B2B SaaS to Chief Innovation Officers at mid-large corporate organizations. Not only can core CSR departments benefit from the system, but the system can also be used company-wide to increase CSR efforts across the board. We are tapping into a $32B opportunity across the USA and Canada. We believe achieving leadership is attainable for multiple reasons. Most of our competition uses just one type of brainstorming technique. Our system will draw on an exhaustive set of 60+ techniques and will, for the first time, leverage fine-tuned Gen AI to facilitate structured innovation.

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