Entrepreneurship

Open Innovation

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Companies such as Amazon, Alibaba, and Henkel are already innovating with start-ups by leveraging the capabilities of private accelerators, universities, venture capital firms, and more. The latter are some of the so-called corporate venturing enablers―institutions, within an innovation ecosystem, that facilitate a resource or activity in the collaboration between an established company and a start-up. An increasing number of corporations are working with these institutions. Nevertheless, there are missing answers about how to pick the most suitable type of enabler and how to optimize the offered value proposition to unlock the potential of the collaboration. Thus, this study was conducted to find out the major benefits that a corporation can provide to corporate venturing enablers and vice versa, optimizing the collaboration among corporate venturing ecosystems. Complemented with more than 100 examples and based on 95 interviews with innovation leaders located in Asia, America, and Europe, this research seeks to address the following questions: as a corporation, what can you get from enablers? And what can you give to enablers? What are the most useful enablers by desired benefit?
Bibliographic citation: PRATS, J., SIOTA, J. (2021). Open Innovation. Unlocking hidden opportunities by refining the value proposition between your corporation and corporate venturing enablers. IESE, Barcelona, Spain.
Date: 01/10/2021
Author(s): Julia Prats; Josemaria Siota
Document type: Study and Monograph
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Languages: English