Start or Improve Your Accelerator Programs
Covered in Corporate Accelerators
- Which other companies in your space are running accelerators?
- How can you setup your own accelerator?
- How can your accelerator attract the best startup and internal talent?
“Whether a corporate chooses to invest in the startups they accelerate or not, they have a unique opportunity to cooperate with relevant companies who go through the program.”
4 Controversial Learnings After Setting Up a Corporate Accelerator - Daniele Dondi, LinkedIn Article
Daniele manages the Accelerator program at ING. He wrote about some of the unexpected lessons through ING Innovation Labs’ first 2 years.
Using Corporate Incubators and Accelerators to Drive Disruptive Innovation - Evangelos Simoudis, Article
“Corporations are establishing incubators, e.g., Samsung, and accelerators, e.g., Orange, in order to advance their disruptive innovation initiatives. They are doing so on their own, e.g., Samsung, Swisscom, or in partnership with independent accelerators, e.g., Disney, Microsoft, and Barclays have partnered with Techstars. ”
Microsoft operates one of the most well respected accelerator programs in the world. A recent graduate of the program told us he “couldn’t believe they were so selfless.” We invited Aya Zook, Accelerator Director, on to the I/O Podcast to hear more about it.
“Each organization has drivers and barriers (stakeholders, processes, market situations…) that make or break your accelerator. Drivers boost the chances of success. Brakes might slow you down or in the worst case kill your accelerator.”
“For these reasons, internal accelerators take a lot in terms of resources and person-power to manage. They require heavy R&D, extensive prep work, and a high-touch approach to program administration.”
“These “corporate accelerator” schemes – which usually involve a competitive application process, a multi-week programme of developing products and refining business plans and a final pitch to win funding – have sprung up at several FTSE 100 stalwarts, including Diageo, Barclays and Pearson.”
“Barclays started its acceleration programme (then named London Escalator) in 2014. Quickly however expanded to other countries and now operates also in Manchester, Vilnius, Cape Town and New York (in the US Barclay’s accelerator is run by Techstars).”
Microsoft Ventures: “When we started we had a very minuscule budget and a dream. We wanted to launch an accelerator in London, we wanted to help startups grow…I came in and within 5 weeks I had launched a pilot. This was very atypical for Microsoft.”
LINKS TO COVERAGE ON CORPORATE ACCELERATORS
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