Ways Your Entrepreneurial Mindset Can Disrupt Industries

By • on July 19, 2018

The Business.com website noted that it’s important for legacy companies to interact directly with the startup and entrepreneurial ecosystem. By engaging entrepreneurs, you will get a first-hand look at the way startups approach problems with new solutions. You can then use those insights to inform your own innovation efforts. Engagement can vary from open innovation programs to incubators to corporate accelerators. For instance, the University of Missouri-St. Louis, partnered with energy tech startups to create a 12-week accelerator program. By collaborating with these startups, they were able to participate directly in product and service innovations. An open innovation program, on the other hand, would give you the opportunity to discuss industry-specific hurdles with peers. By enrolling in some of these programs, you might uncover customer pain points you hadn’t even thought of.

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