Guiding in-house startups from idea to executive pitch.
Accelerating corporate innovation projects.
The biggest advantage of shorter innovation programs (like hackathons) is giving teams the chance to incorporate a new mindset and methodology to execute radically new ideas.
The goal of this corporate innovation accelerator program (or startup accelerator program) is to embrace innovation within your business strategy in a structural way. We help companies create and support corporate venture teams (corporate startups) that are developing new business concepts outside the core business in a short period of time.
Fantastic opportunity to learn how to think outside the box, how to be innovative, and find new business opportunities. Great experience and learnings taken from all the participants, from the project itself to how to present or how to prepare a pitch. Oscar Salvador, Segment Analyst, O-I Europe
What to expect from an innovation accelerator?
100+ business opportunities mapped
At the end of your corporate innovation accelerator, you will have explored 100 or more new business opportunities. These will form a unique map of strategic development areas for your organization.
3-5 executive investment opportunities
3 to 5 concepts (one per team) will have progressed from concept definition to validation, culminating in an investment pitch (usually performed in front of the organization’s board of executives).
3-5 startup-like corporate teams
The length and breadth of a corporate innovation accelerator lets the participants immerse themselves in the whole spectrum of startup best practices. The result? Multi-disciplinary teams that think and act like startups, ready to bring new solutions to market.
Clarity on innovation KPIs
Together we define 3 to 5 selection criteria based on your innovation goals and the scope of the accelerator. We make sure to include all relevant stakeholders in this process from the start. These criteria will guide all participants during the accelerator.
Long-term cultural transformation
A business accelerator program should focus on mid- to long-term opportunities (that is, creating sustainable internal innovation capabilities). In our accelerators, we make sure the long-term transformational goals aren’t secondary to short-term business results.
Accelerator journey format.
The typical process of a corporate innovation accelerator.
A business accelerator program should focus on mid- to long-term opportunities. Long-term goals are generally “higher level” than shorter term objectives. To make sure the results of the accelerator meet the long-term goals, all relevant decision-makers should be aligned on what to expect from the potential results.
At the start of the program, we define 3 to 5 selection criteria together based on your innovation goals and the scope of the accelerator. It’s important to include all relevant stakeholders in this process from the start. These criteria will guide all the participants during the accelerator. Note: we prefer long-term growth over short-term profits.
At the end of the corporate innovation accelerator, you will have explored 100 or more new business opportunities and worked them down to 3-5 executive investment opportunities: moving into an adjacent market, experimenting with new business models, or launching a new product or service. Multi-disciplinary teams that think and act like startups will be ready to bring the new solution to market.
Based on our experience, we have created an accelerator format with proven value. The number of projects that receive investment after the accelerator track exceed expectations, and the journey is often repeated more than once.
Scenario for 3 to 5 teams (max 20 participants).
Goal: tailor the program to your needs
- Create and validate the fundamentals of a future-proof program
- Assess the teams and ideas entering the accelerator
- Scoping session with team and sponsor
- Clear scope/focus domains identified
- Detailed accelerator program
- Overview of key tools
- Selection criteria
- Guidelines for team coaching
Goal: understand the problem
- Customer journey mapping and persona mapping
- Customer empathy methods
- Environment scan and analogy thinking
- Defined customer opportunity segments
- Problem definition and “How Might We” statement
- Plan for exploration and validation
Goal: create concepts based on a validated problem
- Relevant inspiration and multiple ideation rounds
- Idea selection
- Concept development and prototype
- Assumption mapping
- 100+ non-obvious ideas
- Clear concepts and tangible prototypes from each team
- Plan for validation of assumptions
Goal: build experiments
- Assumption mapping
- Visualize value proposition
- Make a digital prototype or presentation
- Experiments ready to be launched
Goal: create investment pitch
- Ecosystem mapping
- Business model kit
- Business model canvas
- Pitching checklist and pitch dry run
- Investment pitches with a high success rate
Corporate innovation accelerator
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Board of Innovation makes Fortune 500 companies innovate like startups, mixing proven methods from Design Thinking and Lean Startup strategies.