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Learn more about what’s involved in setting up and running an innovation network.
Here we outline key things you should consider at each stage of the development and evolution of a successful network.
Creating a network
When planning and setting up a new network you should:
- research existing networks in the same field (both in the UK and internationally)
- clearly define the purpose and objectives of your network
- think about what kind of activities your network might run
- determine how you will measure the success of your network
- identify an active core membership (“founders group”)
- consider how the network will be managed (for example, will it be run by a Chair or a small management board)
- consider what operational support the Chair/management board will need and appoint a network coordinator if required
- set up an advisory board or steering committee and consider wider governance issues
- complete longer-term planning, including how the network may grow and evolve and how it will continue to be funded
Maintaining a network
One your network is up and running, you'll need to focus on:
- planning activities and events
- communicating with members and any external audiences
- mitigating the turnover of membership, especially core members
- making your network indispensable (you'll need to be able to demonstrate its value to your members and potential members)
- checking and measuring your progress against stated aims and objectives
- securing the future of the network, though growing the membership and obtaining ongoing funding
Sustaining a network long-term
A good funding model will be key to keeping your network going.
You could generate income by:
- charging a membership fee (this will also help generate commitment to the network)
- charging members/non-members for workshops, training, CPD etc.
- developing products or tools which you can sell to members or the wider community
- allowing network members to advertise or sell their products or services to other members or the wider community with an advertising fee or sales commission for the network
- offering consultancy services to members or external organisations
- raising direct sponsorship from a user community or partners
- applying for relevant grants (e.g. research council network schemes, European funding, government investments, foundations)
- seeking philanthropic donations (a risk assessment on the feasibility of this model is recommended before you start a campaign to secure donations)