Innovation Strategy Consulting

Innovation consultants advise companies on innovation strategy, R&D processes, and new product development roadmaps.

With companies needing innovation to compete, consulting generates revenue of $200,000-$700,000 with 80-90% margins.

The business requires innovation expertise, corporate experience, strategy and frameworks knowledge, workshop facilitation, and industry insights.

Services include innovation strategy development, R&D process design, innovation portfolio management, stage-gate and agile methodologies, open innovation and partnerships, and innovation culture transformation.

Revenue through project fees $20,000-$200,000+ and retainers.

Success factors include corporate innovation or R&D background, understanding innovation frameworks and methodologies, facilitating senior leadership workshops, building enterprise and mid-market relationships, and industry specialization helpful.

Marketing focuses on corporate strategy teams, R&D leaders, and innovation officers.

With innovation imperative and structured processes needed in 2025, innovation consulting offers strategic opportunities serving corporations seeking competitive advantage with innovation expertise and corporate experience as key.