Back

Breakthrough Cities: Business Models For Solving Urban Challenges

by Richard Roberts 14 May 2018

Over the course of three workshops in late 2017 and early 2018, Volans, in partnership with Innovate UK, convened more than 200 innovators from SMEs and city authorities.

The workshop series had two, sequential goals. The first: to provide a space for SMEs and city authorities to meet, converse, and build trust. The second: to explore the business and collaboration models needed to implement and scale effective solutions to complex urban challenges.

Off the back of the three workshops, we developed an Action Guide for City Authorities and SMEs, which identifies seven business model principles for solving urban challenges.

These are:

  • Define a Massive Transformative Purpose
  • Align incentives with outcomes
  • Make your innovation process as open as possible, as early as possible
  • Leverage under-utilised assets
  • Co-opt service users as solution co-creators
  • Aggregate demand to share costs
  • Design solutions that can scale exponentially

To find out more, download the full report or read our article for Fast Company on 7 Principles Of Transformative Urban Innovation.

@volansjohn:Highly recommend this BBC podcast on future of World Ocean, with @jimalkhalili interviewing oceanographer… twitter.com/i/web/status/1…
@volansjohn:Was thrilled to have an on-air conversation with Christophe Jospe (@cjospe), @paulgambill and Ross Kenyon of Nori (… twitter.com/i/web/status/1…
@volansjohn:Enjoyed the Nori process! twitter.com/noridoteco/sta…

STAY INFORMED

Our latest breakthroughs, in your inbox every month

Please leave this field empty.

Growing the Business of Tomorrow

Visit Project Breakthrough, exploring the mindsets, business models and technologies needed to deliver the Global Goals.