Olivier Le Moal via Getty Images
With the increasing number of startups entering brownfield sectors such as financial services, one would think that corporate incubators would be prime recipients of startups attempting to navigate these brownfield sectors. While on the surface this would appear to be the case, the reality of the situation again depends on the real purpose of a corporate incubator.
While the concept of creating corporate incubators is sound, the numerous attempts at implementation have been beset by a number of issues, including lacklustre results. With so many of today's corporate incubators having significant problems creating positive results, what can be done to address these issues?
As innovation moves to the forefront of corporate agendas, corporations are attempting to capture the competitive advantages that result from innovation. While many believe that innovation can be captured with existing organizational processes, these are actually a severe impediment to innovation.