Inspired by the other companies who have done the same and fearful of being disrupted by startups, several companies have opened innovation labs and startup accelerators. Examples of this include Telefonica’s Wayra, Jaguar Land Rover’s InMotion Ventures, EDF Energy’s Blue Lab and many others. The success of corporate innovation labs and accelerators has been mixed and this has led to questions of whether such programs are a good idea.
Image: Taylor Weidman/Bloomberg
