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Open Corporate Accelerator (OCA) (PowerPoint PPTX)
PowerPoint (PPTX) 24 Slides FlevyPro Document
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.
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.
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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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