Post by account_disabled on Oct 17, 2023 23:13:04 GMT -6
Companies that are truly committed to investing in innovative technologies and methods can work with a closed model, involving only their employees, or an open model, attracting startups , university programs and other organizations dedicated to innovation through corporate acceleration. A company that works with open innovation multiplies its potential, distributing resources and tools to develop more solutions than it would be able to achieve in its own territory, and corporate acceleration is one of the ideal methodologies to deal with this process. What is Open Innovation? Open innovation was already practiced before, but its concept was defined in 2003 by author Henry Chesbrough, when discussing how companies could be more innovative when incorporating external solutions into their projects.
It consists of an approach with spaces such as startups, universities and R&D sectors in partner organizations , understanding that, as Chesbrough highlights in the book Open Innovation : The New Imperative for Creating and Profiting from Technology, no company can innovate effectively if is alone. Implementing open innovation therefore requires openness to communication and a collaborative mindset. The entrepreneur and the team must accept that there are good ideas outside their organization, and look for ways to incorporate them europe mobile number list into their projects. In this context, corporate acceleration comes into play, as an alternative to achieving such an approach. Read also: Innovation: Everything you need to know! What is Corporate Acceleration? Corporate Acceleration is a mechanism through which large companies can invest in different ways in the development of smaller organizations, especially startups and university programs. The company responsible for the acceleration must grant resources that it considers strategic for the growth of the partners: capital, mentoring, employees, access to its tools and methodologies, and so on. In return, the company will have some form of control over the innovations developed in these projects. The exact conditions may vary, including participation in profits obtained from the sale of the product, use before launch on the market, among other options, which will be discussed between the parties involved.
What is the difference between an accelerator and an incubator? As there are similarities between the two models, and the incubator concept is more widespread among entrepreneurs, it is important to highlight the difference between Corporate Acceleration. Firstly, its intervention takes place at a different point from innovation projects . While the incubator operates in the initial phases of a startup, from idea to validation, the corporate accelerator generally approaches solutions that have already been tested with some degree of success and a working product, albeit partial. The change in the project phase results in a different relationship between the two cases. On the one hand, incubators provide consultancy to get ideas off the ground.
It consists of an approach with spaces such as startups, universities and R&D sectors in partner organizations , understanding that, as Chesbrough highlights in the book Open Innovation : The New Imperative for Creating and Profiting from Technology, no company can innovate effectively if is alone. Implementing open innovation therefore requires openness to communication and a collaborative mindset. The entrepreneur and the team must accept that there are good ideas outside their organization, and look for ways to incorporate them europe mobile number list into their projects. In this context, corporate acceleration comes into play, as an alternative to achieving such an approach. Read also: Innovation: Everything you need to know! What is Corporate Acceleration? Corporate Acceleration is a mechanism through which large companies can invest in different ways in the development of smaller organizations, especially startups and university programs. The company responsible for the acceleration must grant resources that it considers strategic for the growth of the partners: capital, mentoring, employees, access to its tools and methodologies, and so on. In return, the company will have some form of control over the innovations developed in these projects. The exact conditions may vary, including participation in profits obtained from the sale of the product, use before launch on the market, among other options, which will be discussed between the parties involved.
What is the difference between an accelerator and an incubator? As there are similarities between the two models, and the incubator concept is more widespread among entrepreneurs, it is important to highlight the difference between Corporate Acceleration. Firstly, its intervention takes place at a different point from innovation projects . While the incubator operates in the initial phases of a startup, from idea to validation, the corporate accelerator generally approaches solutions that have already been tested with some degree of success and a working product, albeit partial. The change in the project phase results in a different relationship between the two cases. On the one hand, incubators provide consultancy to get ideas off the ground.