Building a disruptive innovation engine for a Fortune 10 multinational corporation

SITUATION

A Fortune 10 corporation recognized that it was not fully capitalizing on the value of its investments in disruptive innovation:
- Corporate venture capital investments generated provided limited access and insight into new technologies and market developments
- Minimal adoption of innovations by the core business
- No clear path to developing the next leader in a billion dollar industry
Our client sought help to identify ways to broaden its exposure to potential market disruptors, design the operational model that would best support the new investments, and improve the development and adoption of innovations that would set up client to be a more agile competitor in the shifting, dynamic market.

ACTION

Developed a portfolio of investment structures that can be tailored to the development requirements of a more diverse set of target ventures (e.g. based on scale, size, business maturity, and proximity to the core)
Designed the supporting innovation operating model that provides oversight, management, and development of a broad range of innovations and ventures (e.g. based on ownership level, operational control, and planned investment exit or commercialization pathway)
Documented an innovation playbook to guide the creation and establishment of the new operating model, and provides a roadmap for growth and downstream scaling of operations

RESULTS

Launched new internal incubator
$10M funding allocated, and >$100M committed over three years from Corporate Executive Board
One major new partnership, and discussions with another
Revised commercialization and integration pathways for existing investments