Business Innovation Factory
Business Innovation Factory
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About this organization
Mission
SOLVING MAJOR PROBLEMS IN AREAS LIKE HEALTHCARE, EDUCATION AND CITIZEN ACTION.
About
COLLABORATIVE INNOVATION SUMMIT - THE BIF COLLABORATIVE INNOVATION SUMMIT BRINGS 500 PEOPLE TOGETHER IN A HISTORIC THEATER TO HEAR 15-MINUTE STORIES OF TRANSFORMATION, AS 32 PEOPLE FROM MANY DIFFERENT INDUSTRIES AND SECTORS TELL THE STORIES OF THEIR CREATIVE PROCESSES, THEIR STRUGGLES, AND WHERE THEY'RE GOING IN THE FUTURE. A PURPOSEFUL COMMUNITY OF INNOVATION JUNKIES GATHERS AT EACH SUMMIT, READY TO CONNECT WITH 'UNUSUAL SUSPECTS AND NEW IDEAS, GET IN TOUCH WITH THEIR INNATE CREATIVITY, AND IDENTIFY BETTER WAYS TO DELIVER VALUE.SINCE THE FIRST BIF SUMMIT, WE'VE HEARD STORIES FROM MORE THAN 200 INNOVATORS FROM ACROSS EVERY SECTOR AND DISCIPLINE. EVEN MORE AMAZING IS THAT OVER 2,500 PEOPLE FROM AROUND THE WORLD HAVE PARTICIPATED IN A BIF SUMMIT.BUSINESS MODEL INNOVATION WORKSHOPS GIVE LEADERSHIP TEAMS THE OPPORTUNITY FOR A DEEP DIVE INTO THE BIF DESIGN METHODOLOGY. OVER THREE DESIGN SPRINTS TEAMS WILL RECEIVE HANDS-ON EXPERIENCE IN EACH COMPONENT OF THE BIF DESIGN METHODOLOGY:SHIFT: ADOPT A CUSTOMER EXPERIENCE LENS AS A FOUNDATION FOR DESIGNCONCEPTUAL DESIGN: IMAGINE NEW WAYS TO CREATE, DELIVER, AND CAPTURE VALUEPROTOTYPE AND TEST: ITERATE A MINIMUM VIABLE BUSINESS MODEL IN THE MARKETCOMMERCIALIZE: DEVELOP AN IMPLEMENTATION ROAD MAP TO DEPLOY AND SCALEAFTER EACH DESIGN SPRINT TEAMS WILL BE PREPARED TO LEAD THE TRANSFORMATION JOURNEY AND BUSINESS MODEL DESIGN PROCESS WITHIN THEIR ORGANIZATION.
Interesting data from their 2020 990 filing
The purpose of the non-profit is outlined in the filing as “The business innovation factory (bif) creates real world laboratories where organizations can design, prototype, and test new models for delivering value. bif's mission is to enable business model and system level innovation in areas of high impact, including health care, education, and public services.”.
When discussing its operations, they were defined as: “Solving major problems in areas like healthcare, education and citizen action.”.
- The state where the non-profit operates has been legally reported as RI.
- The filing indicates that the non-profit's address in 2020 is located at 60 VALLEY STREET NO 25, PROVIDENCE, RI, 02909.
- The non-profit has reported 23 employees on their form as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$958,880.
- The organization has 15 independent voting members.
- The organization was formed in 2004.
- The organization pays $1,424,467 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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