startups and corporate innovation
TRANSCRIPT
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Startups and Corporate InnovationA CXO-Talk Perspective
Founder, CXO-Talk.com
Michael Krigsman
617-906-5079@mkrigsman
Large Companies LOVE Startups
2Source: http://www.slideshare.net/schlaf/raising-a-seed-round
Value of Innovation is HUGE
3Source http://www.bain.com/publications/articles/taking-the-measure-of-your-innovation-performance.aspx
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“Corporate innovation
is an oxymoron.
We’re not rewarded on
Wall Street for unpredictable
things.”
Bruce Cleveland
Venture Capitalist
CXO-Talk, 10/31/14
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Why don’t big companies
innovate?
“It requires unnatural acts
of sacrifice.”
Christopher Michel
Entrepreneur and Investor
CXO-Talk, 2/13/15
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Startups can help:
“Temporary organization
searching for repeatable,
scalable business model.”
Steve Blank
Entrepreneur and Educator
CXO-Talk, 10/31/14
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Large Companies Startups
Example: Adobe Systems
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CIO Innovation Forum
Gerri Martin-Flickinger
CIO, Adobe
CXO-Talk, 1/9/15
Example: Standard Chartered Bank
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Crowdsourced Price Measurements in Nigerian Markets
Todd Schofield
Standard Chartered Bank
CXO-Talk, 2/6/15Photo http://lagoscityphotos.blogspot.com/2010/09/theme-day-open-air-market.html
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Lessons LearnedAlign Innovation to Business Goals
‣ Areas of innovation
• Technology / Products
• Business model
• Process / Efficiency
‣ Type of innovation
• Sustaining
• Disruptive
Photo Michael Krigsman
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Don’t Screw the Startup’s Culture
Top-down antibody protection
Photo Michael Krigsman
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Startups and Corporate InnovationA CXO-Talk Perspective
Founder, CXO-Talk.com
Michael Krigsman
617-906-5079@mkrigsman