This framework is developed by a team of former McKinsey and Big 4 consultants. The presentation follows the headline-body-bumper slide format used by global consulting firms.
This product (Open Corporate Accelerator [OCA]) is a 24-slide PPT PowerPoint presentation slide deck (PPTX), which you can download immediately upon purchase.
The necessity to accelerate Innovation is not unique to a particular industry. Incumbent companies in numerous industries are thoroughly cognizant of the competitive risks presented by the inadequacies of their Innovation chains and startups' capabilities in quickly utilizing technologies.
This realization has given birth to the concept of Open Corporate Accelerators (OCA), which involve less investment than the conventional Corporate Accelerator model.
The following 3-phase approach to OCA ensures that the solutions presented by startups are successfully assimilated in the product or process of the business:
1. Search and Selection
2. Solution Conversion
3. Solution Assimilation
An OCA proposes a model for increasing and improving access to outside sources of Innovation. OCA also diminishes the ambiguities associated with collaborations involving early-stage startups with unproven solutions; and it produces more successful implementations in less time.
The slide deck also includes some slide templates for you to use in your own business presentations.
This comprehensive presentation delves into the intricacies of Open Corporate Accelerators (OCAs), highlighting their advantages over traditional models. It provides a detailed comparison between Open CAs and Conventional CAs, emphasizing the flexibility and effectiveness of the OCA model. The PPT outlines the four key aspects where OCAs differ, including participation, solution focus, and the broader scope of innovation they can harness.
The deck also covers best practices for implementing OCAs, stressing the importance of internal support, open-minded collaboration, and strategic selection of startups and technologies. It includes practical templates and frameworks to aid in the setup and execution of OCAs, making it a valuable resource for executives looking to drive innovation and stay competitive in a rapidly changing business environment.
This PPT slide emphasizes the importance of maintaining an open mindset towards collaboration, particularly with competing firms, a concept referred to as "co-opetition." This approach is positioned as the second best practice within the Open Corporate Accelerator (OCA) framework. The text outlines that embracing co-opetition can yield significant benefits for individual sponsors and contribute positively to the broader industrial ecosystem.
It highlights that successful implementation of the OCA model requires a clear willingness to form partnerships with competitors from the outset of the OCA process through to the evaluation of Proof of Concept (POC) initiatives. The slide suggests that collaboration can manifest in various ways. For instance, multiple startups may present similar solutions, leading sponsors to compete for the most promising ideas. Additionally, there are instances where several startups collaborate on a project, or sponsors might work together with startups to enhance project outcomes.
The slide further notes that sponsors can exchange best practices to effectively engage startups and manage productive POC projects. This collaborative spirit is said to stimulate innovation at elevated levels, facilitating the simultaneous execution of multiple POC projects and accelerating overall progress. The insights presented here are crucial for organizations considering the OCA model, as they underscore the value of strategic partnerships and collective efforts in driving innovation and achieving business objectives.
This PPT slide contrasts 2 models of corporate accelerators: Open Corporate Accelerators (OCAs) and Conventional Corporate Accelerators (CAs). It highlights 4 key areas where these models differ, providing a clear framework for understanding their operational dynamics.
In the Participation section, OCAs are characterized by multiple corporate sponsors and startups, fostering a collaborative environment. This contrasts sharply with Conventional CAs, which typically involve an exclusive partnership between a single sponsor and a startup. This difference suggests that OCAs can leverage a broader network, potentially leading to more diverse innovation opportunities.
The Solution Focus area emphasizes that OCAs target late-stage startups with viable solutions, which are more likely to yield immediate results. In contrast, Conventional CAs often engage early-stage startups with unproven concepts, which may carry higher risks and longer timelines for development. This distinction indicates that OCAs may be better suited for organizations looking for quicker, more reliable outcomes.
Equity and investment practices also diverge significantly. OCAs offer contracted solution funding with optional equity stakes, allowing for flexibility in financial arrangements. Conventional CAs, on the other hand, typically require ownership or equity stakes in exchange for participation, which could deter some startups from engaging.
Finally, the Program Focus section illustrates that OCAs prioritize proof of concept (POC) projects in collaboration with business units, emphasizing solution scaling and implementation. Conventional CAs often provide mentoring and scaling assistance through co-selling and customer access, which may not be as directly aligned with immediate business needs.
This slide effectively outlines the advantages of the OCA model, suggesting it may be a more adaptable and effective choice for companies seeking to innovate through startup collaborations.
This PPT slide outlines the third phase of the Open Corporate Accelerator (OCA) approach, focusing on the critical process of solution assimilation. This phase is characterized by the challenge of scaling solutions to integrate them effectively into business units (BUs). Startups often face numerous projects competing for attention, which complicates resource allocation and scheduling necessary for achieving scale.
Sponsors within organizations experience pressure to maintain commitment and engagement from internal resources, which can be difficult due to the demands of daily operations and shifting priorities. The slide highlights the role of Proof of Concept (POC) projects, which serve as a mechanism to evaluate the effectiveness of a solution quickly. At the conclusion of these projects, stakeholders from both the business unit and the startup convene to assess results and determine whether to proceed with integration or discontinue the solution.
Transitioning from solution adaptation to full assimilation is facilitated by ensuring that the startup's solution and team are well integrated within the sponsor organization. Access to an in-house network of contacts is emphasized as a vital resource, acting as a support system that helps mitigate obstacles encountered during the assimilation process.
The slide suggests that the OCA framework has been effective in increasing the success rate of implementations, indicating that structured support and clear communication channels are essential for navigating the complexities of scaling innovative solutions within established organizations.
This framework is developed by a team of former McKinsey and Big 4 consultants. The presentation follows the headline-body-bumper slide format used by global consulting firms.
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