Live Call Replay: The Right (and Wrong) Ways for Corporates to Engage with Accelerators
Accelerator programs can help give your company access to the latest innovations in your field. But it’s important to have the right expectations — and the right infrastructure. Pano Anthos, managing partner of New York-based retail accelerator XRC Labs, shared his advice for constructive relationships between corporates and accelerators in our most recent live call. Topics included:
- What causes innovation to fail inside of large organizations
- The benefits of working with accelerators
- Why some Chief Innovation Officers have generated resentment among colleagues
- Why XRC has ended its relationship with some corporate partners.
“We believe strongly that the budgets and the [responsibility for innovation] cannot be siloed inside an innovation organization,” Anthos said. “They need to be shared, and bought into, by the business units themselves. If you’re building an innovation team, and you’re not engaged with the business directly … then, there’s going to be a long-term issue and resentment. I can list on two or three hands, easily, the number of innovations that have been shut down after a lot of interest, and noise, and investment dollars. ”
Watch the full live call below, read some of the highlights, or download a PDF of the slide deck.... continued ...