Leslie BarryHead of Innovation
- Many years in innovation related roles at Thoughtworks at University of Melbourne as well as co founder of a range of startups
- Responsible for leading the Innovation agenda at Sportsbet to maintain their competitive advantage and create new opportunities for growth
- His session will focus on lean start ups, setting up internal labs and creating a startup culture in an established organisation
9:50 AM INNOVATION LABS: Creating a Start Up Mentality Within Sportsbet Through the Creation of Labs
Sportsbet is Australia’s largest online bookkeeper with $117m in operating profit. In Leslies brief time at Sportsbet he has had a profound impact on the way the company approaches innovation – culminating recently with the ideation, design, development and release of a product in just 12 weeks. As a result, since 2015 Sportsbet’s revenue has grown 54%.
In this session Leslie will explore:
- Understanding why your company has to innovate and embedding a startup mentality within and enterprise
- How to avoid innovation theatre
- Tips and tricks based on Leslie’s extensive experience within Sportsbet, Thoughtworks, as founder of several startups and mentor at Slingshot startup accelerator
3:20 PM Panel Discussion: Innovation Theatre – Who Is Doing Real Innovation and Who Are All Song and Dance?
It’s harder than ever to stay on top - in 10 years 40% of the Fortune 500 will no longer exist. This threat for established organizations by startups and disruptors is paving way to a ‘innovate or die’ mentality. As a response, some of the most renowned companies are looking into innovation labs and internal programs to drive ideation however the sad fact is that 90% of innovation labs are failing.
This panel will look into exploring the following questions:
- Are companies engaging in radical innovation or just tweaking existing products incrementally?
- What is the timeline to ROI and the amount of risk companies are willing to assume?
- Is it establishing buzzwordy innovation programs accelerator programs enough?
- For established companies who have a reputation for being not too innovative –will the startups who are attracted to your accelerator be any less than 2nd or 3rd tier?
- How do we compare to the best practices in international innovation ecosystems? How do we compete?