Our research aims at understanding whether Italian companies are open to innovation and how they compare with international innovation leaders.
The flow of large corporates1 setting their own innovation outpost in Silicon Valley is in continued acceleration. And so are the models and methodologies used by such units. While is undoubtful that the COVID-19 epidemic has had some effects on the medium term commitment of such outposts (we do have counted a few “retreats” of Innovation Antennas as a result of budget cuts), for the most part data shows that both the number and the size of such units is experiencing a steady growth.
An “army” of over 40,000 thousand people is hunting innovation in Israel. Our new research reveals that 155 multinationals are active in Israel with one or more innovation outposts.
The very visible Government’s effort to create a healthy, growing and self-sustainable startup ecosystem, seems to be paying off. While in our methodology we tend to shy away from the logic behind the solo counting of Unicorns (whose market evaluation is often very volatile), and we rather base our ranking in the amount of funds raised and other variables, South Korea seems to hit on all cylinders lately: a growth in funding, exits and, yes, also the always resounding, number of “Unicorns”.
While reviewing the presence of corporate innovation outposts of the largest companies in the world in Silicon Valley in 2019, two major insights became clear: • Japan is the country that has by far the largest presence of corporations in the Bay Area, • Japan is the country where a significant chunk of capital deployed in Silicon Valley is originated. Understanding better the dynamics of these 2 trends has been the main driving force for this report.