Evolve of Be Extinct – Open Innovation Models for the Future – Season 2022
Open Innovation – a democratized approach to innovation where collaboration among internal and external resources replaces conventional closed R&D silos – is fast becoming ubiquitous. 95% of organizations now report leveraging Open Innovation practices, with 54% doing so on “most” or “all” projects, according to a recent research report from The Economist that was sponsored by SUSE (Economist Impact, 2022).
Back in 2016, when we first launched the “Corporate Startup Stars Awards”, the goal was to shed light on a fast emerging phenomena: corporate-startup collaboration. In those “ancient” times open innovation was still in the early days. Experimentation was the rule of the game, in a context where collaborating with startups was mostly a Marketing and PR exercise.
Today, six years later, companies have gathered experience and focus on results. Although the modes of collaboration are in continuous evolution, there are best practices for many (e.g. Venture Client, Intrapreneurship, CVC, …) as well as KPIs for measuring impact.
The ultimate goal of “Corporate Startup Stars Awards”, the global awards for Open Innovation run by Mind the Bridge, in partnership with the International Chamber of Commerce (ICC), is to foster corporate-startup collaboration globally, by showcasing success stories and the best-in-class, thus stimulating a virtuous cycle in which every player positively influences each other.
This report aims at presenting data points, trends, lessons learned, and best practices from the global 100 2022 Corporate Startup Stars.
In parallel, we are also launching a Positioning Paper “Gold Standards for the World’s Companies to Incorporate Open Innovation and Corporate-Startup Collaboration” with the broader goal of exposing the 45 million member companies of the ICC to the open innovation revolution.