Corporate innovation is not an option but an opportunity. Global Capability Centers need to look beyond the cost paradigm and focus on building new products with the enviable blend of talent, start-ups, and the market available in India.
Corporate mentorship programs are key to innovation; however, mentoring is a two-way street that has at its core an open mindset and mutual trust.
To stay relevant and survive, corporates must overcome their prejudices and take a proactive approach to innovation through corporate startup collaborations.
What are the key success factors that improve the odds of corporate – start-up collaboration programs? What is success in this scenario? We outline it here.