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DESCRIPTION
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.
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Source: Best Practices in Innovation, Open Innovation, Accelerator PowerPoint Slides: Open Corporate Accelerator (OCA) PowerPoint (PPTX) Presentation, LearnPPT Consulting
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Open Innovation Frameworks
This bundle contains 4 total documents. See the additional documents to the right.
Innovation Management Open Innovation Disruption Education Ideation Corporate Culture Business Model Design Business Model Innovation Growth Strategy McKinsey Three Horizons of Growth Maturity Model R&D KPI Business Framework PowerPoint Diagrams Jobs-to-Be-Done Value Proposition Creativity Service Design Customer Experience Innovation Culture
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