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First-Mover or Fast-Follower: Which is the right innovation strategy for you?

Idea to Value

They found that of the companies which really were the first to launch in a new category, a full 47% (nearly half), failed to build a successful business. In comparison, of the companies which were fast followers in those categories (and which entered on average 13 years after the pioneers), only 8% failed.

Strategy 257
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Unlocking Success: Leveraging Startup Innovation with Corporate Venture Capital

Leapfrogging

The Intersection of Corporate Growth and Startup Innovation Defining Corporate Venture Capital Corporate Venture Capital (CVC) is the investment of corporate funds directly in external startup companies. This form of venture capital is characterized by its dual objectives of achieving financial returns and strategic value.

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Zebras - Not Unicorns - for Profitable and Scalable Corporate Innovation

Innov8rs

Innov8rs | How Zurich Insurance Group uses its annual Innovation Championship to harness the innovative potential of startups for long term success. This includes searching for zebra startups, a profitable and sustainable alternative to unicorns.

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It’s Time To Upgrade Your Innovation Management System

Innov8rs

Most of these systems trace back to the Lean Startup. But as even Steve Blank, the father of the Lean Startup movement, notes- if you apply the Lean Startup in the corporate context, you will only get innovation theater.

System 59
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Your competition is not who you think it is

Idea to Value

Or in some cases, they may list smaller, younger startups who provide a new innovative product which appeals to their target customers. In a variety of situations and markets, the people not using a category of product will far outnumber those who do. When asked, they might list another company providing the same goods or services.

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Leaders will invest less in transformational innovation due to fears over the economy

Idea to Value

This may upset a lot of startups or innovation teams who feel like it is their duty to look to the future and pull their company into new disruptive technologies. According the report data, across the board in every category compared to 2020, the innovation budgets for 2023 are likely to grow more slowly than in previous years.

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Incubators and Accelerators Are a Powerful Channel for Region-Specific Scouting

Yet2

Incubators and accelerators are instrumental in driving startup companies toward success. Accelerators can aid startups that already have a minimum viable product (MVP) while incubators can provide the space and resources for startups to develop their ideas.