Corporate Innovation Landscape 2016

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Nick Gregg @nickgregg CEO EditorEye Intelligence Delivering Innovation Insights November 2016

Transcript of Corporate Innovation Landscape 2016

Page 1: Corporate Innovation Landscape 2016

Nick Gregg @nickgreggCEO EditorEye IntelligenceDelivering Innovation InsightsNovember 2016

Page 2: Corporate Innovation Landscape 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 …

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“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

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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

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Nick Gregg @[email protected] EditorEye Intelligence

Catalyst is an EditorEye Intelligence product for innovation teams

www.editoreye.com