International Business Innovators Group Launched

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Non-profit business organization created to serve as a clearinghouse and connection point for professionals responsible for the creation, use and management of innovation programs, initiatives and policy. Prominent innovation strategist and management consultant Peter G. Balbus appointed as Executive Director.

Executive Director Peter G. Balbus

Embracing innovation and higher risk tolerance have become essential just to survive in today's hyper-competitive business climate -- let alone to outdistance the competition.

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Business Innovators Group™ (BIG) announced today its official launch as an international clearinghouse and connection point for professionals responsible for the creation, use and management of innovation programs, initiatives and policy directives. This unique non-profit organization will maintain a comprehensive online portal for innovation resources including executive education, business innovator training and certification, thought leadership, professional networking -- and connections to innovation strategists, technologists, process developers, program managers and consultants around the world.

Business Innovators Group recognizes innovation in many forms, including business model, design, technology, process, product, service and customer experience innovation. The common element is that these forms of innovation must have a profound impact on the status quo to rise to the level of being truly innovative. BIG distinguishes innovation from invention, creativity and incremental improvement by the scale of the impact the innovation has on the external markets or communities into which it is introduced.

Prominent innovation strategist and technology commercialization expert Peter G. Balbus has been appointed as the executive director of Business Innovators Group and is charged with defining and leading the growth phase of the organization. Balbus is the managing director of Pragmaxis, LLC, a niche consulting group that specializes in innovation and technology commercialization strategy and management. The firm serves a broad client base of Fortune 500 corporations, early-stage ventures, private equity investors and leading research institutions.

Balbus is the immediate past chairman and president of the MIT Enterprise Forum of Chicago, part of the global MIT Enterprise Forum organization, which promotes innovation and entrepreneurship in major business centers around the world. He is a frequent industry speaker and panel moderator for conferences and events connected to innovation, and was recently interviewed as a guest on SkyRadio's "American Innovators" -- an in-flight audio program featured on all domestic and international American Airlines routes.

Balbus believes that there is strong need for Business Innovators Group. In the face of relentless global competition and economic turmoil, he is convinced that the quest to become more innovative is no longer optional. Balbus asserts, "Embracing innovation and higher risk tolerance have become essential just to survive in today's hyper-competitive business climate -- let alone to outdistance the competition."

Leaders in both the private and public sectors understand that sustained innovation is perhaps the single most critical success factor for virtually every organization today -- but these leaders often have difficulty determining how and where to infuse innovation into their existing operations - and bake in a culture of higher risk tolerance. Balbus observes, "Many of today's leaders struggle with how to define what innovation means for their organizations, and few have a firm sense of how to instill behaviors and repeatable processes that will consistently generate innovation with high-impact results."

Business Innovators Group will support these leaders by providing focused innovation education programs -- and a first-of-its-kind professional innovation certification program accredited by Illinois Institute of Technology. An online repository will provide access to proven innovation principles, methodologies, templates and tool kits. Member organizations will also be able to conveniently search, evaluate and connect with a formidable roster of innovation services providers who can help advise leaders, define strategies, manage initiatives and accelerate the results of innovation programs.

Initially launched on Facebook, Business Innovators Group currently counts over 250 prominent innovation thought leaders, senior business and private sector executives, CIOs, CTOs, inventors, technology experts, investors, entrepreneurs and a wide range of innovation & technology commercialization services providers. Members come from 24 countries on 5 continents.

Business Innovators Group is proud to announce that PRWeb has become an in-kind sponsor of online press release distribution services and is the organization's official worldwide media information distribution partner. Other sponsorship alliances are in process and will be announced shortly.

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PETER BALBUS
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