radical new innovations and incubate new businesses with potential to become substantial new growth paths.
However, this mainstream picture of corporate priorities is rapidly changing as more and more big corporates have witnessed the consequences of status-quo – slowing growth, declining margins and heated rivalry. And as the buzz around innovation, disruption and technology revolutions is heating up new concepts such as Augment Reality, Kinetic Manufacturing, Internet-of-Things, DNA Sequencing, Autonomous Vehicles, Hyper-connected Retail, Digital Currency and 3D Printing have caused a gear-shift among many incumbents at the cusp of disruption (..)
The New Corporate Breed
As the non-core agenda unfolds and corporate muscles are put behind accelerating new growth paths, the concept of collaborative innovation is shaping gradually up.
Tesco, whose online grocery now turns revenue of USD 2.5 billion, is now collaborating with their most intense pure-play rival Ocado. Toyota has accepted that the autonomous car is not fiction and recently invested USD 50 million with Stanford, MIT for autonomous-car research. Intel Education and Intel Capital recently launched its EdTech Start-up Accelerator designed to help education technology startups transform education for student success. Illumina, the world’s leading DNA sequencing company, recently invested USD 100 million in Helix to empower consumers to discover insights into their own genomes.
Also here in Denmark, renowned for its ability to produce serial start-up successes, corporates are beginning to “disrupt themselves” and launched ambitious corporate-start-up collaboration agendas.
Coop have launched Irma.dk and Dansk Supermarked has acquired Iposen.dk and Wupti.dk in respons to the heated online grocery competition with the start-up leader Nemlig.com. The textile giant Berendsen made a toe-hold investment in the cleaning service start-up Washa. Danske Bank’s Mobilelife division continues to expand its MobilePay venture while it’s direct competitor Swipp, owned by a group of local banks, struggle to stack-up. ALKA, the insurance leader has embarked on a digital transformation journey and Leo Pharma has announced intentions to dispatch teams from the organization into a CPH city innovation lab. Meanwhile several PE owned corporates such as Nets and KMD have invested in dedicated venture programs tapping into the local and regional and start-up ecosystems (..).
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