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    Entrep. Course - Dr. Nagwan - Session 2

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    MOHAMED BARHOMA
    The document discusses different approaches to corporate venturing and entrepreneurship support models. It describes a co-creation lab that enhances startup ideas by developing strategies and business models through interdisciplinary teams. An accelerator is also discussed that helps realize startups and innovation projects by providing contacts, infrastructure like offices, and support for prototyping and growth. The concept of open innovation is introduced as using inflows and outflows of knowledge to accelerate innovation both inside and outside an organization. Main sources of new ideas for companies are described as employees, business partners, and customers.

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    Entrep. Course - Dr. Nagwan - Session 2

    Uploaded by

    MOHAMED BARHOMA
    9 views17 pages
    The document discusses different approaches to corporate venturing and entrepreneurship support models. It describes a co-creation lab that enhances startup ideas by developing strategies and business models through interdisciplinary teams. An accelerator is also discussed that helps realize startups and innovation projects by providing contacts, infrastructure like offices, and support for prototyping and growth. The concept of open innovation is introduced as using inflows and outflows of knowledge to accelerate innovation both inside and outside an organization. Main sources of new ideas for companies are described as employees, business partners, and customers.

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    Entrep. Course_Dr. Nagwan_Session 2

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    The document discusses different approaches to corporate venturing and entrepreneurship support models. It describes a co-creation lab that enhances startup ideas by developing strategies and business models through interdisciplinary teams. An accelerator is also discussed that helps realize startups and innovation projects by providing contacts, infrastructure like offices, and support for prototyping and growth. The concept of open innovation is introduced as using inflows and outflows of knowledge to accelerate innovation both inside and outside an organization. Main sources of new ideas for companies are described as employees, business partners, and customers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    9 views17 pages

    Entrep. Course - Dr. Nagwan - Session 2

    Uploaded by

    MOHAMED BARHOMA
    The document discusses different approaches to corporate venturing and entrepreneurship support models. It describes a co-creation lab that enhances startup ideas by developing strategies and business models through interdisciplinary teams. An accelerator is also discussed that helps realize startups and innovation projects by providing contacts, infrastructure like offices, and support for prototyping and growth. The concept of open innovation is introduced as using inflows and outflows of knowledge to accelerate innovation both inside and outside an organization. Main sources of new ideas for companies are described as employees, business partners, and customers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 17

    Entrepreneurship and VC Management

    Session 2
    Dr. Nagwan Abu El-Ella
    Agenda

    2 6/4/2021
    YOUR ??
    6/4/2021

    Innovation Management - Lecture 3


    Send your findings via email to nagwan.abuelella@gmail.com
    Different approaches of corporate
    venturing

    Corporate
    Intrapreneurship
    Entrepreneurship

    Strategic Renewal
    Entre-
    preneur-
    ship
    Corporate Venturing

    External Corporate Internal Corporate


    Venturing Venturing

    Independent
    Entrepreneurship Sources: Sharma & Chrisman (1999),
    Hang (2007)

    4
    Entrepreneurship supporting models

    Co-Creation Lab o Enhance startup ideas by developing holistic strategies


    Innovative and scalable and business models

    startup concepts and o Systematically form interdisciplinary teams


    teams are created

    Building Develop innovative Create business


    interdisciplinary teams startup ideas models

    o Building a point of contact for o Workshops and seminars o Joining open business plan
    entrepreneurial people seminars
    o Supported by creativity
    o Integrate international techniques o Experts evaluate business
    students and experts models
    o Organize networking/team- o Individual coaching and pitch
    building events training

    5 6/4/2021
    o Realise startups and innovation projects
    The Accelerator
    o Get contacts to investors
    Implementation and growth
    of concepts on real markets o Get infrastructure (offices and technical infrastructure)

    Coaching and Funding and Prototyping and


    networking infrastructure growth
    o Transfer expert knowledge in o Co-working office for some o Use innovative opportunities of
    questions relevant for months prototyping
    entrepreneurs
    o Access to different o Accelerate growth strategies
    o Foster the exchange of technologies of partners through active support
    experiences through mentors
    o Support venture financing
    o Networking in the though business angels,
    entrepreneurial community VCs and strategic investors

    6 6/4/2021
    “Open innovation” as a catalyst for
    innovation

    Open Innovation “is the use of purposive


    inflows and outflows of knowledge to
    accelerate innovation. In practice this leads
    to the opening of organizational boundaries
    to incite new ideas that develop new
    opportunities, inside or outside the formal
    organization, with or without compensatory
    mechanisms directly tied to the process.”
    (CHESBROUGH,2003)

    Employees 40%
    Main sources for new
    Business partners 37%
    ideas:
    Customers 35%

    Companies, which implemented the concept of open innovation successfully, report that
    this culture is a powerful motivational factor. Nevertheless, the implementation is
    opposed to several internal cultural barriers and the lack of willingness for introduction.
    7
    Open innovation induces new ideas either from the
    company or from the outside

    New ideas
    due to open Leadership
    innovation

    Innovation strategy e.g. Targets,


    communication,
    technology

    Search Select Implement Capture


    How can we What are we How do we How can a benefit
    identify going to do and implement this? result out of this
    opportunities? why? for us?

    e.g. People,
    Innovation culture motivation,
    management

    Learning effects over time

    8
    Old technologies can often hold their ground vs. new technology
    for a certain time

    New technology
    Technical advance

    aging

    mature

    Old technology
    growing

    embryonic

    time

    Adapted from Rogers (2003)

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