Are corporates struggling with their approaches to innovation? Working with startups is something that corporates are having to learn for themselves, but help is at hand.
Innovation is widely recognised as a top priority by corporate leaders, but delivering it is often delegated to individuals whose brief is unclear, who lack support (indeed often face opposition), whose colleagues have little understanding about their initiatives, and who often feel quite isolated.
A wider range of corporates has been showing interest in startups – in working with them as much as investing in them. Startupbootcamp, with its widespread experience of helping startups and scaleups in particular sectors (including Fintech in London) brought together corporate innovation leaders from several countries in a recent ‘Rainmaking Summit’. It provided them with a series of discussion panels and inventive exercises to help them to tackle typical pain points, like communication and support.
Sources of help and experience for corporates looking to work with startups seem to be scarce; and this conference indicated that there is a real opportunity for programmes like those of Startupbootcamp to help them to learn from each other’s experience.
John Whatmore, February, 2017
Five approaches in which identifying big issues is the carrot that leads the innovation process Focusing on major issues rather than relying on people with good ideas is likely to be a good source for the 6% of businesses with hi-growth potential (- and Unicorns) March 2016 (http://wp.me/p3beJt-dU)
Reversing a topsy-turvy approach to a better world Focusing on major issues rather than relying on people with good ideas is likely to be a good source for the 6% of businesses with hi-growth potential (- and Unicorns) Oct 2015 (http://wp.me/p3beJt-bx)
Accelerators attacking bigger issues? If Accelerators can support hi-growth SMEs as well as startups, can they also be adapted to focus on tough problems and emerging opportunities in all sorts of fields? Oct 2014 (http://wp.me/p3beJt-9e)