corporate innovation

Interview highlights from ‘How your digital ecosystem can increase corporate innovation success by 10X’

Diagram showing a vertically integrated company with core and non-core offerings under one roof going to a digital ecosystem where the company focuses on its core assets and third parties build everything else.
Diagram showing a vertically integrated company with core and non-core offerings under one roof going to a digital ecosystem where the company focuses on its core assets and third parties build everything else. A better way to do corporate venture capital.

In August, I was fortunate to be interviewed by Omar Valdez-de-Leon of Latitude 55° Consulting in Copenhagen about a better way to do corporate venture capital by aligning with corporate innovation strategy and digital ecosystem goals. Omar is a known practitioner of digital transformation, having advised companies such as Ericsson, CGI, Honeywell, Cemex, Bosch, Vodaffone, Bell Canada, and more. He is an authority on digital ecosystems, authoring papers about how to develop digital ecosystems, organizing for digital, and the Digital Maturity Model.

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What is an Ecosystem Innovation Fund (EIF)?

Ecosystem innovation funds replace non-core innovation to help internal teams focus.

An ecosystem innovation fund, or “EIF,” is a seed fund for startups. EIFs are a hybrid of corporate venture capital and the US government’s Small Business Innovation Research grant program, or “SBIR.” EIFs combine the best from both models to create a new vehicle for large companies to invest in innovation in their digital ecosystems.

Ecosystem innovation funds replace non-core innovation to help internal teams focus.
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