The ultimate innovation platform.I/Plug and Play.pdfStrictly confidential 9 Technology adoption is...
Transcript of The ultimate innovation platform.I/Plug and Play.pdfStrictly confidential 9 Technology adoption is...
The ultimate innovation platform.
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Innovation QuizInnovation Quiz
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Quiz 1
Answer: Blackberry
“500 dollars? Fully subsidized? With a plan? I said that is the most expensive phone in the world, And it
doesn’t appeal to business customers because it doesn’t have a keyboard. Which makes it not a very
good email machine”
Co-CEO Jim Balsillie
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Quiz 2
A: Blockbuster
“Neither RedBox nor Netflix are even on the radar screen in terms of competition”
CEO of Blockbuster (2008) Jim Keyes
FYI - In 2000, Netflix proposed Blockbuster to buy out at $50million, but Blockbuster rejected the offer….
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Technology adoption is getting faster
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Technology adoption is quicker than ever
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Technology adoption is quicker than ever
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Technology adoption is quicker than ever
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Corporate Innovation
“In the new world, it is not the big fish which eats the small fish, it’s the fast fish which eats the slow fish.”
Klaus Shwab Founder and Executive Chairman, World Economic Forum
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Big Fish to Faster Fish
Who is faster now?
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Technology is dominating the market
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iPhone & Samsung
NO LONGER HERE: HAS OVERTAKEN:
HAS BECOME THE BIGGEST
TRANSPORTATION COMPANY IN THE WORLD.
Startups are providing both digital transformation and disruption
Causing Disruption
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Everyone is “Tech” company
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Job openings for Goldman Sachs - 50% Tech department
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Goldman Sachs
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JP Morgan is following the same
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Corporate and Startups - Collaboration
No matter what you think, this trend will continue….. What can corporate can do?
Build Buy Borrow
• Build all the features internally
• Direct competition with the startups
• Takes long time
• Good defensive move • Fast but PMI can take long
• Monetary cost
• Collaborate with the startups
• Cheaper than “buy” • Faster than “build” • Easier than “buy/build” for integration
• Start small
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What is Open Innovation?
Closed Innovation Open Innovation
Open Innovation: The new imperative for creating and profiting from technology (2003) by Henry Chesbrough
Innovation should be open to anyone, anywhere.
Our Founding Story…
ACCELERATOR PROGRAM
CORPORATE INNOVATION
VENTURE CAPITAL
We run over 50 accelerator programs a year in most major industries and cities, and Deal Flow sessions
We provide workshop, Ideathon, and help your cultural transformations
We invest in over 220 companies worldwide every year and co-invest with 180 VCs
Our innovation platform
Success stories
Silicon Valley Headquarters
MunichNew York
Paris
Amsterdam
Global operations
BeijingTokyo
Cleveland
Guadalajara
Valencia
BerlinFrankfurt
Stuttgart
SingaporeJakarta
Abu Dhabi ShenzhenChongqing
ShanghaiSuzhou
Hangzhou
Xi’anZhengzhou
MadridMilan
Hamburg
Northwest Arkansas
Bangkok
Kyoto
Venture Capital Partners
“Always On” Active Sourcing
Universities & Governments
10,000 Sourced Per Year
Our sourcing process
Inbound Applications
MobilityIoT
We give you line-of-site across different industries.
Brand & Retail Cybersecurity Fintech Food Energy
Health Insurtech
New Materials
Enterprise 2.0
Real Estate Supply Chain Smart Cities Travel
NEW
B2B Distribution
NEW
Our global partners
What it Takes to Become a Major Startup Ecosystem
5 Key Findings
Culture and Mindset
Government Involvement
Education and University
Forward-Thinking Corporations
Accelerators and Beyond
• Overall sentiment towards startup and new technology must be positive
• There is no “trying” to work with startups, you either do or you don’t
• Working with and for startups must be COOL • Challenge, take risks and don’t be afraid to fail • Embrace the Lean Startup Model,
work fast and work flexible
Culture and Mindset
Government Involvement
Government shouldn’t always be the leaders of Startup Ecosystems (Depends on country or city), BUT should focus on facilitating innovation and entrepreneurship in the community by:
• Removing barriers to entry • Startup friendly rules and regulations • Empowering entrepreneurs, startups and their enablers • Facilitate networking between key players in the ecosystem • Promote innovation within large corporations • Create a forward thinking culture
Education and University
• Start young: education reform must happen at an early age to promote the necessary mindset and culture to increase entrepreneurs
• University entrepreneurship programs are essential, not just to build new tech, but to build future CEOs
• Universities should should focus on partnering with accelerators, incubators and co-working spaces to expand the reach for their students
• Exchange programs! Have your students see the world
Forward-Thinking CorporationsCorporate Open Innovation is a trend but must go beyond that by:
• Creating external innovation specific teams within the company (Open Innovation Team, New Business, Corporate Strategy, etc.)
• Have an executive sponsor, besides the CEO, that this team can report to
• Have each business unit within the company commit 10% of their time towards startup facing
• Set aside a budget towards startup engagement (POCs, Investments, Startup Programs)
Accelerators and BeyondCreate and support key startup ecosystem builders: Accelerators, Incubators, Venture Capitalists, Co-Working Spaces, Startup Events and Communities
Location is important. Have areas within a region or a city that can be considered a tech hub and nourish it (Station F, Block 71 or Bit Valley)
Map out the service providers: Accounting firms, marketing firms, legal firms, HQ firms, Infrastructure firms, etc. that support the startup community