corporate innovation landscape 2016
TRANSCRIPT
Nick Gregg @nickgreggCEO EditorEye IntelligenceDelivering Innovation InsightsNovember 2016
“85% of global CEOs have limited time to plan for digital disruption.” Source: KPMG CEO Study 2016
IGNORING INNOVATION IS A DANGEROUS GAME
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MARKETS ARE BEING DISRUPTED FAST
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“82% of corporates say working with start-ups is important for their innovation strategy.”Source: MassChallenge UK Report, 2016
Source: NESTA Winning Together Report, 2015
COLLABORATION WITH START-UPS IS GREAT …
“We needed less insurance people and more data scientists, innovators, entrepreneurs and customer proposition experts who could look from outside the industry.”Mark Wilson, CEO, Aviva
New innovation hub in Hoxton +
A shift to a customer mindset
“Traditional” innovation not working
… BUT CREATING A CULTURE OF INNOVATION IS KEY
New channel developmentsData scientists
Hiring “gaming” developersStrategic investments
£100m investment fund 3-5 years
Since 2010, $126 billion has been invested by CVCs
Peaked in 2015 and is volatile …
Source: PitchBook, April 2016
2010 2011 2012 2013 2014 2015 201605
10152025303540
02004006008001000120014001600
$9.7$13.2 $12.2
$15.9
$29.5
$36.7
$8.4
Total Capital Invested ($Bn) Deal Counts
April
CORPORATE VENTURING LANDSCAPE
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Centrica standalone office and culture for its Hive Connected Home
NBC Universal enlists BuzzFeed to reach millennials.
L’Oreal partners with Founders Factory to launch beauty tech cos.
Aviva hires Activision designer for pension app.
Electrolux gives “Uber for laundry” a spin … (FT yesterday)
CORPORATE INNOVATION IN ACTION
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Personalised Intelligence Alerts
Weekly Team Innovation Briefings
BUILD CURIOSITY INTO CORPORATE D.N.A.
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4 KEY CHALLENGES TO IGNITING INNOVATION
• How do we make our organisation more innovative and adapt to change?
• How can we rejig our product design process for next generation consumers?
• Can we solve business threats faster and more cost–effectively with partnerships?
• How do we make our teams more curious towards new trends and technologies? www.editoreye.com
Nick Gregg @[email protected] EditorEye Intelligence
Catalyst is an EditorEye Intelligence product for innovation teams
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