There is a real trend developing right now of corporations becoming crucibles of innovation and entrepreneurship in a systematic way. In this post, I will discuss four specific sub-categories of this trend that we're seeing, and for all practical purposes, participating in.
Intrapreneurship Incubation
Corporations have come to realize that there are numerous great ideas buried inside their ranks, and are putting in place processes to help those bubble up and get developed. The most common form this process takes is a call for ideas, followed by various types of incubation of some or all those ideas. Those ideas that look compelling after a few months of incubation go up to a management committee / innovation council for evaluation. A subset of these are given additional resources to be developed further. Through our 1M/1M Incubator-in-a-Box program, we're involved with a number of these projects at major corporations, and see hundreds of millions of dollars of revenue opportunities get unlocked. Corporations with Intrapreneruship programs in place include Oracle, HP, Intuit, Computer Associates, etc.
