Attract and interact with startups to speed up your innovation process
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This presentation is from a lecture in Stockholm 2016-04-28
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Attract and interact with startups to speed up your innovation process
- 1. Tuesday. 26 APRIL Attract and interact with startups to speed up your innovation processBY: JACOB WESTERLUND | OPEN INNOVATION MANAGER Twitter: @JacobWesterlund Email: jacob.westerlund@sqore.com
- 2. The Lab is your world!
- 3. The World is your lab!
- 4. Sqore® INNOVATION Corporate open innovation mindset Open Innovation Closed Innovation 1. The more consumers, the more the market grows 2. We will be first on the market 3. Not all the smart people in our field could work for us 1. With patents, we can make money in many years 2. We will be unique in the market 3. The smart people in the field work for us
- 5. Open Innovation vs. Closed Innovation - Mind the gap!
- 6. Sqore® INNOVATION The Open Innovation Network Customers Suppliers Startups Academia Industry clusters
- 8. Sqore® INNOVATION What is a startup? • Disruptive product, service or business model • Create new markets and demands • Agile work process - ”fail fast forward” • 1 product, 1 business area, 1 chance
- 9. Sqore® INNOVATION Incubators run by large companies Large Companies could offer: • Customer channels, insights and big data • Access to labs and testbeds • Resources and MONEY!
- 10. Sqore® INNOVATION Investments leads to new innovations
- 11. I think tomorrow's winners are companies that manage to create as many benefits as possible between their closed and open innovation processes
- 12. Sqore® INNOVATION Setups for cooperation Develop on your platformCorporate VC PartnershipPrivate label
- 13. Startups should chase after you
- 14. Sqore® INNOVATION Money Prize Reward Corporate Partnership Winner relinquishes IP rights Winners retain IP rights Incentive Strategy 1 2 3 4
- 15. Examples of how companies work with open innovation
- 16. Sqore® INNOVATION • Participants from 118 countries • 1 000 000€ split over multiple winners • Accelerator program • Winners dissolve the cotton in textile waste and make clothes out of fruit peels. • The crown princess of Sweden handle over the price Global Change Award
- 17. Sqore® INNOVATION • No money prize • The prize was a partnership • Two partnerships (new products) already launched • Why could the startup not just call Eniro instead of compete? Eniro
- 18. TUESDAY, 26 APRIL That’s it.BY: JACOB WESTERLUND | OPEN INNOVATION MANAGER Twitter: @JacobWesterlund Email: jacob.westerlund@sqore.com