Post on 14-Aug-2020
Michele McConomy, SVP of Customers @RocketSpace@michelemcconomy
Dual-sided Marketplace:
Building the Innovation Ecosystem
1 2 3
Our Mission Today
The Evolution of Dual-
Sided Marketplace
Emerging Models &
Examples of Success
Next Practices for
Continued Success
RocketSpace
is a global
ecosystem of
people and
ideas.
We provide
speed and
direction to the
world’s top tech
startups and
corporate
innovators.
5
RocketSpace Global Reach
San
Francisco
(HQ)London
Beijing
2017
Shanghai
2017Shenzhen
Brisbane
2017
Melbourne
September 2017
Sydney
2017
6
7
8
Connected globally to 100K+ global startup network
RocketSpace Global Startup Network
Unparalleled Results.
9
1000+Startups on
campus since 2011
100K +Startups in
Virtual Network
40%18Unicorns
(Valuation of $1B or >)Internationally
founded startups
1.5Funding Rounds Closed per week
$20.9BTotal Funds
Raised By On Campus Startups
92%RocketSpace
startup alumni still exist
The Evolution of the Dual Sided Marketplace
The Movement:
Industrial
becomes is
Digital
• Crowdsourcing• Chief Innovation Officer• A “Lab”• Silicon Valley Presence• Design Thinking• Innovation Training• Hackaton• Accelerator• Incubator
Got Innovation?
Are you driving greater
outcomes today
than yesterday?
The New Innovation
World Order
StartupsCorporates need
The New Innovation
World Order
Startups Corporatesneed
Corporate Innovation Portfolio
AdjacenciesIncremental Disruptive
80-100%Internal Innovation
70% 20% 10%
Corporate Innovation Portfolio
AdjacenciesIncremental Disruptive
95-100%Internal Innovation
70% 30% 10%
< 20%Internal Innovation
> 80%External Innovation
10% 45% 45%
Velocity
will be the
differentiator...
Emerging Models
Stealth
21
Building New Business Models
Launched an online retail store for
connected smart home products,
offering unique cash back rebates.
Partnership was piloted & formed in
under three months.
Co-operation
23
Innovation Across the Industry
Logistic Tech Food and Ag Tech Energy Customer Experience
Mobility Retail Smart Cities Cyber security
24
Building the Future of Logistics
$2.09M+Average Funding Total
Raised by Cohort I StartupsAverage Stage: Seed
Percentage of International Startups Participating (HQ located
outside of U.S.A.)
50% 11Active Pilot
Engagements
Cohort Startups
Next Practices for
Startups &
Corporates
#1 - Build the house.
#2 - Know your intent
and intention.
#3 - Turn on the sonar.
#4 - Tap ecosystems,
near & far.
#5 - Don’t do it alone.
Michele McConomy
Senior Vice President, Customers
RocketSpace
mmcconomy@rocketspace.com
@michelemcconomy