Navigating the startup ecosystem can be difficult. Open innovation veteran Maureen Rinkunas discussed accelerator programs, what she calls "exploration teams," and best practices for working with startups.
What are the tactics that can help corporates attract the very best startups to a hackathon, accelerator, pitch competition, or open innovation challenge? We asked a group of corporate leaders who have run these kinds of programs. Here’s what they said.
No one would deny there’s a lot happening in the world of startups. But how can large companies tap into it, in a way that aligns with their objectives and creates real value? In this large-format illustration, we've laid out seven of the most common approaches to plugging in to...
A growing number of big company leaders like the idea of hiring a firm like this to help them develop that elusive “next big thing.” But it’s a confusing landscape. There are hundreds of organizations of different shapes, sizes, and capabilities that call themselves venture studios, or say that they...
Since 2014, the $68 billion insurer MetLife has run more 160 experiments with startups — 70 of which later developed into contractual relationships. Vice President of Innovation Terrence Luciani has created a structured process for collecting requirements from around the company, and then working with venture capital firms, accelerators, and other parties to...
How do you avoid winding up in the “danger zone” as an innovator inside a big company? Mona Vernon, the head of Fidelity Labs at Boston-based Fidelity Investments, says it’s all about making sure your metrics are aligned with your CEO and CFO.
We spoke to Brian Tilzer, Best Buy’s Chief Digital and Technology Officer, a few weeks ahead of Black Friday 2021. The starting point for our discussion was how Tilzer and his team evaluate emerging technologies that could impact Best Buy’s business. “Ninety percent of what we do is about what’s...
We talk to Suffolk’s Chief Data and Innovation Officer about how the Boston construction is investing in startups focused on AI, robotics, and green building technologies.
Amanda Cashin of Illumina and Diana Joseph of the Corporate Accelerator Forum provide three key pieces of advice about how large corporations can better interact with startups.
In this short video, Scott Kirsner and Alex Slawsby of InnoLead share the top five challenges for startups initating a formal engagement with a large company. Numero uno is all about speed.
Jasmine Robinson, a Partner at Causeway Media Partners, talks about some of the recent investments her sports-focused venture capital firm has made, and what she sees coming next…
The world of sports is experiencing a highlight reel of disruption — from streaming content to legalized betting to digital collectibles like the NBA’s Top Shot series. We talk with Jordan Fliegel, Managing Director of the Techstars Sports Accelerator, to understand what matters most.
The new book from Shameem Prashantham, Gorillas Can Dance, presents examples of effective startup engagement strategies from companies like Microsoft, Unilever, BMW, and Cisco. This excerpt discusses the three types of internal corporate players who need to be on board in order to make startup collaborations successful.
Paul Konasewich is a key player at the PACCAR Silicon Valley Innovation Center, which helps the $19 billion truck maker connect to relevant startups. ”You need to get honest about whether [your startup scouting activity is about] cultural enrichment,” he says, “or actually creating new products.” More of Konasewich’s advice...
”From the corporate side, a lot of times, a [startup engagement] program gets started, but the people who have to do the physical work of integrating the startup’s technology view the startup as just any other vendor, and they don’t understand that it’s a three-person company,” says Ken Durand, a...
Dole, one of world’s largest fresh fruit and vegetable producers, is taking action to combat food inequality, climate change, and human rights issues. Dr. Lara Ramdin, Chief Innovation Officer, and Barbara Guerpillon, Global Head of Ventures, share how they are driving the company’s sustainability initiatives through open innovation.
Xinjin Zhao of ExxonMobil shares the top three questions he wishes startup leaders asked corporates during meetings, and other tips for successful relationships.
Sujata Mehta, Assistant Vice President of Innovation at FM Global, shares insights on how to avoid common mistakes corporates tend to make when beginning a partnership with a startup.