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Corporate accelerators and disruptive innovation KITE Solutions Inc

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This presentation summarizes thought leadership on Corporate Innovation with a focus on Accelerators and Incbators shared by Evangelos Simoudis, VC Partner at Trident Capital, during the KITE open house sessions at #NewCoSF 2014. Follow @ESimoudis on Twitter and you can read his blog at http://corporate-innovation.co/

This is the first in a series of posts exploring a wide range of aspects of Corporate Innovation brought to you by KITE, the first end-to-end innovation partner management solution.

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Corporate accelerators and disruptive innovation KITE Solutions Inc

  1. 1. Corporate Accelerators/ Incubators and Disruptive Innovation Based on: Re-Imagining Corporate Innovation with a Silicon Valley Perspective by Evangelos Simoudis http://corporate-innovation.co/ September 18, 2014
  2. 2. What is a Corporate Accelerator? Corporate accelerators and incubators aim to help startups get off the ground successfully, typically in exchange for a small equity percentage in each startup. Key differences between accelerators & incubators: 1) accelerators invest in their startups ($20k to $100K in each) and incubators don’t 2) accelerators support startups in groups or classes while incubators do so on-demand KITE® ©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc.
  3. 3. The Corporate Accelerator Trend Corporations are establishing accelerators and incubators to advance their disruptive innovation initiatives. They do so on their own or in partnership with independent accelerators like Techstars. When done correctly, accelerators and incubators can have more long-term impact more cost effectively than acquiring innovation. KITE® ©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc.
  4. 4. 4 Models of Accelerators/Incubators And select corporations pursuing these models 1. Step in the innovation process (work on disruptive solutions, pursue potential disruptions) 2. Pay it forward (facilities & training provided, no equity taken) 3. Develop intrapreneurs (teams of entrepreneurial employees) 4. Test new work environments (w/ core startup characteristics) KITE® ©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc.
  5. 5. When to Establish an Accelerator/Incubator 1. Access outside talent and innovative ideas around an open-ended objective 2. Train intrapreneurs by placing them in an immersive environment 3. Stimulate startup activity around a new platform 4. Spur innovation in an area (industry, sector) where little is happening KITE® ©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc.
  6. 6. What an Accelerator/Incubator Involves • Selecting the right founder teams to incubate • Training teams on lean methods and agile startup models • Managing startups being incubated • Pruning out startups that can’t translate their idea into a product • Establishing the right culture • Exiting successful companies KITE® ©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc.
  7. 7. How to Increase Value & Success Rate • Obtain and maintain executive sponsorship and funding • Recruit the right mentors • Provide the right incentives for the entrepreneurs • Make the incubator/accelerator part of the ecosystem it operates in • Create simple contracts that define the startup-accelerator/incubator relationship KITE® ©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc.
  8. 8. Teams Required • Project selection and final evaluation - corporate employees and outside experts • Mentors - corporate executives and outsiders with startup experience • Education - may consist entirely of outside speakers • Operations - managing director, business development and marketing managers, administrative support, relationship managers KITE® ©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc. 8
  9. 9. How to Proceed with the Best Startups 4 options for incubators/accelerators using accelerator models 1 and 2 KITE® ©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc. 9
  10. 10. More Info on Corporate Innovation Blog Re-Imagining Corporate Innovation with a Silicon Valley Perspective http://corporate-innovation.co/ Evangelos Simoudis Senior Managing Director Trident Capital @esimoudis KITE https://getKITE.co/ | @getKITE contact@getkite.co | 415-754-8302 KITE® ©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc. 10

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