Shifting innovation or experimentation to the systemic, ecosystemic or phenomenal level can be done using innovation portfolio sensemaking and management. Whereas portfolio management is an approach that is applied broadly in making investment decisions, applying sensemaking practices beyond individual innovation projects and experiments at the portfolio level, is a topic that many organizations are exploring.
Sensemaking, according to IDIA, in this context refers to the “adaptive practices, experimentation, flexible funding mechanisms, longer-term investments in systems-change, based on reflective practices and entrepreneurial mindsets”.
The Finnish Innovation Fund Sitra is hosting a two-day seminar to help build shared understanding on the topic both in Finland and across Nordic borders. We hope to bring together 30 people from different organisations that seek to build their capabilities related to the topic.
Speakers include innovation portfolio practitioners Tom Mitchell, chief strategy officer from Climate-KIC and Giulio Quaggiotto, head of innovation from UNDP Asia-Pacific. We will also host portfolio management experts Gina Belle and Luca Gatti from the Chora Foundation and chief storyteller Tony Quinlan from Narrate/Cognitive Edge Network who will provide the broader backdrop to the work.
In addition to fostering learning, we’re aiming for one of the outputs of the workshop to be a working paper on how we understand innovation portfolio sensemaking and management and what should be done to promote the practices further.
Participating in the seminar is free but we have limited space. Please do contact us if the topic is relevant to your organization and if you wish to request an invite.