Nurturing Corporate Venture Incubation
The Business2Community website noted that over the past decade, corporate incubators have begun to experiment with open innovation contests to crowdsource ideas and solve problems, and with so-called hackathons to foster collaboration and rapidly prototype solutions. They introduce more diverse perspectives and “out-of-the-box” thinking by mobilizing an ecosystem of contributors from both inside and outside the corporation. And just as importantly, they create a playful, fail-safe environment for innovation.
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