Setting the direction
Corporate Innovation Strategy and implementation support
Helping SMEs and corporates to set up Innovation strategy to innovate existing portfolio, products, business model or set up a plan for corporate innovation culture. Such projects usually consist of a strategic session with key stakeholders to understand innovation needs, defining the desired outcomes of and criteria for the innovation projects; Suggestion and selection based on identified Best practices in Corporate Innovation Culture and Dedicated Innovation Teams; Detailed solution design: implementation processes, roles, incentives, initiatives; Implementing changes based on feedback.
Topic-specific digital / innovation landscape mapping
For corporates looking to innovate, a clear picture of a digital innovation landscape is a necessity. We help corporates to map innovations, perform analysis and draw conclusions based on our extensive presence in European startup ecosystem, up-to-date databases and market insight reports.
Taping into the startup ecosystems
Identifying the right startup(s) for collaboration – startup developing a solution that meets corporate’s needs - a good team with a proven technology, and a level of maturity that is compatible with corporate’s objectives. During the project we help corporates to identify and prioritize technology needs, scan relevant geographies, shortlist potential startups, organize local bootcamps with corporates to test startups’ abilities, and evaluate partner structures, investment opportunities and/or adoption strategies for a successful collaboration implementation.
Events / hackathons / liaison with startups
For a relatively low investment, we help corporates to gain access to innovative ideas, exposure to a culture of fast paced innovation and positions brand to attract technical talent. We help set up the event design by analyzing and defining a problem area, available raw data, needed mentoring and guidance. We take care of the event set up and promotion that is in line with the corporation’s vision.
Corporate Innovation programs design
Typically more lengthy than a hackathons and less intensive than accelerators, Corporate Innovation programs entail a series of workshops for startups or SMEs under specific theme. We assist corporates in program design and implementation and provide program managers, lecturers and designated mentors to run the program under the corporate flagship.
Corporate equity or non-equity based pre-accelerators and accelerators
Setting up and running full pre-acceleration or acceleration model under corporate flagship for corporates to gain access to innovative ideas, to seed the corporate culture of innovation and position the brand to attract technical talent. We start from setting up the programme, defining its KPIs, corporate goals and target group. We perform extensive roadshows that serve as an input for startup selection and marketing platform for the corporate. We run a selection process by conducting interviews and performing deep technology checks. We run 1-6 month acceleration programme involving our mentor and investor fleet, lecturers, and tested workshop methodology. We finalize the programme with a final demo day and evaluation of results.
Structuring and facilitating investments
Corporate venture capital (CVC) gives corporates the benefit of earning potentially high returns (x-multiples) outside of core business (off P&L) and flexibility to spread risk across a portfolio of investments, while also maintaining a strategic position for key acquisitions. We assist corporates in setting up CVC fund and/or scouting for potential investment options through ecosystem mapping or startup scouting, and lead them through the investment process and its after-care activities.