Techstars and Innovation Leader Reveal Best Practices for Leveraging Startups in Corporate Innovation
Innovation Leader today released a new survey sponsored by Techstars, which shares how executives at large corporations are approaching engagements with startups and other disruptors to fuel corporate growth.
Corporate innovation teams are primarily engaging in ecosystem building and co-creation with existing suppliers, distributors, partners, franchisees, and customers, according to a new report published today by Innovation Leader. This indicates there is a growing opportunity for innovation teams to work on building ecosystems and improving co-creation — typically defined as collaboratively developing new product or service offerings — with startups as well as with universities, government agencies, nonprofits, and other established companies.
Nearly a quarter of innovation professionals (22 percent) feel they are not well-aligned with colleagues in compliance, legal and security roles, according to a survey published today by Innovation Leader. The new survey, sponsored by Mastercard, aims to decode the formula for getting these two very different roles — each with fundamentally different goals — to work together productively. The report provides color commentary from innovation executives about when to rewrite the rules to enable organizations to develop new offerings more nimbly.
Innovation Leader has announced eight winners of the 2018 Impact Awards. The winners are AMN Healthcare, Cisco, Citi Ventures, DBS Bank, Johnson & Johnson Innovation, JLABS, Medtronic, Revera Living, and USAA.
Innovation Leader has launched a new podcast, “Innovation Answered.” Published every Tuesday and hosted by producer Kaitlin Milliken, “Innovation Answered” features interviews with academics, reporters, and senior innovation executives from the world’s largest companies. The first season will cover topics like what kills an innovation initiative, millennials and disruption, business model innovation, digital transformation, creating a startup culture at big companies, and what it’s really like to be an innovation executive in a big company.
Innovation and R&D teams inside the Fortune 1000 are spending about 50 percent of their efforts on incremental innovation, 30 percent on adjacent innovation and 20 percent on transformational innovation, according to a new Innovation Leader report sponsored by KPMG LLP.