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WHAT IS CORPORATE INNOVATION?
In an increasingly competitive environment with changing market needs and disruptive startups, organisations are searching for ways to stay relevant and ahead of their competitors.
Enter Corporate Innovation.
Corporate innovation happens when companies inject and implement innovative changes and solutions to their existing business processes and problems. Innovation can be in the form of developing new prototypes or pilots that answers and solves business challenges, or improving existing products and services to remain competitive.
What is a big challenge?
Driving a culture of change and innovation in the corporate sector poses its own set of challenges – such as lack of time and resources to properly plan and support innovative practices, or convincing senior management to buy-in for such initiatives. It can be difficult and risky – but here’s where we come in.
How can we help?
We drive change in some of the most influential corporations in the world through our tailored programmes:
- Intrapreneurship
Change starts from within. Intrapreneurship programmes can help you drive an innovative culture internally by harnessing the power of collaboration of all your employees drawn from their day-to-day experiences and knowledge.
Programmes we offer:
• Training
• Internal hackathon with employees
• Incubator programmes
2. Startup Innovation*
In collaboration with our sister company Startup2Life
Co-creation with startups is another option for corporate innovate and at the same time also a great way to de-risk the process.
Startups can test, pilot and launch ideas in a fraction of the time that a corporation can and also react to uncertainties in a much more flexible manner. This makes them a great resource to tap into for building a corporate innovation strategy at large. The agility of startups also complement corporates’ deep industry knowledge and resources to scale quickly in designing innovative solutions.
Programmes we offer:
• Corporate accelerators
• Hackathons & Innovation challenges with startups
Collaboration with Startup2Life
Startup Innovation programmes will be done in collaboration with our sister company Startup2Life which specialises in entrepreneurship and innovation programmes relating to startups. With over 20 years of experience driving innovative change in the region and beyond, their tie-ups and access with various startups create deep ecosystem connections. To date, they have also incubated over 140 businesses at seed stage and designed and developed various corporate acceleration programmes with companies including Shell, Dentsu Aegis and MUFG. These translate into deep expertise and solid connections into our programmes.
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