Principles of aEntrepreneurialecosystem1. Entrepreneurs must lead the startup community2. The leaders must have a long-term commitment3. The start up community must be inclusive of anyone who wants to participate in it4. The startup community must have continual activities that engage the entire entrepreneurial stack
Third Step: expandingcommunity- BlendingCompanies and Startups atidealabs
Stodgy. Slow. Bureaucratic.Big companies get a bad rapwhen it comes to innovation.
Big companies are applying startupstrategies and tools to jump-startinnovation. It’s not about pontificatingon the innovation process. It’s aboutbeing lean, focused, and maniacally
FIRST STEPSIntuit organizes multi-day“lean start-ins” that gather“intrapreneurs” togetherfrom across the companyto teach them how to applyrapid experimentation tocreate new products,services, and businessmodels.Kimberly-Clark promotes one-day “expert accelerationsessions” that bring hand-picked outside “thoughtleaders” face to face withbusiness teams to bust mentalmodels and create game-changing strategies.Whirlpool uses a network of innovationmentors (also called i-mentors), who areloaded with innovation tools andguidance to help business teamsfocused on challenging market“orthodoxies.”
BIG STEPSBBC Worldwide officially launched Volkswagen Group of AmericaBBC Worldwide Labs. The initiative is Electronics Research Laboratoryaimed at supporting the creative and (ERL) has teamed up withPlugdigital industries in the UK by and Play to accelerate andoffering them insight and expertise collaborate with startups tointo the industry. transfer technology from many industries into the automotive domain.Pepsi Co wants to get in on theground level with companies thatcould become the next Twitter via itsDigital Labs program.
Big companies that behave like small startupsfocus on two things:First, they Second, they giveaccelerate the internal businessesspeed of and teams aninnovation, outside-injust like a perspective, similarSilicon Valley to the type ofincubator. reality-checking that comes from advisory boards or venture capitalists.
LBi improves collaborationwith clients after HyperIsland experience
General Assembly partnerswith General Electric
We are blendingcompanies andstartups at idealabs1. Business model 3. ‘Lean Startup’innovation classes: methodology applied tochallenge the status-quo corportations. Shape,and identify the business build, launch approachand revenue models of workshop:the future •Incubation of2. Classes for intrapreneurs/intrapreneurs: rapid corporate venturingexperimentationtechniques to create new •Corporate innovationproducts, services and labsbusiness models.
Last Step: Experimentingourselves, and opening a miniProduct Lab
Product Lab: offer people theopportunity to do some rapidprototyping right behind thecoffeebar
Thanks for listening!Got any questions?www.idealabs.be@idealabs_beNicolas Verellennicolas.firstname.lastname@example.org