4 Types of Innovation in Entrepreneurship
The four main types of innovation are Product Innovation, Process Innovation, Business Model Innovation, and Organizational Innovation.
Cy has been an entrepreneur, founder and advisor for over two decades. Past companies include Intel Capital portfolio company PrepFlash, an EdTech company that uses NLP to automatically create flashcards from any content, and CloudCoreo, a configuration management company that garnered investment from Microsoft and ultimately sold to VMware. Cy was in the 2014 class of “Forty Under 40” for Professional Remodeler Magazine at the helm of the long-running real estate investment firm OCPS and was twice featured on TLC’s hit TV show “Flip That House”.
He is currently back in his hometown of Bloomington, Ind. with his wife Andrea and son Jack working for Elevate Ventures as Vice President of Software after spending the last 15 years in Austin, Seattle and the Bay area. He has a degree in Economics from Indiana University and an MBA from Baylor University, where he is an executive judge for their annual MBA Ethics competition.
The four main types of innovation are Product Innovation, Process Innovation, Business Model Innovation, and Organizational Innovation.
The 5 types of innovation in business are Product Innovation, Process Innovation, Business Model Innovation, Marketing Innovation, and Organizational Innovation
Indiana's in-demand businesses reflect the state's dynamic economic evolution and its focus on innovation-driven growth.