Recipe: How to Bake Your Own Silicon Valley

I’ve visited many a region that’s interested in creating its own “Silicon Beach/Mountain/Cliff/Island/Plane/Desert,” and that is truly wonderful. Along the way, I’m often asked what makes Silicon Valley successful. The elusive recipe need not be hidden in a vault or passed down from Nana to her next of kin. Here’s a tried-and-true recipe that was handed down generation to generation in Silicon Valley for 60-plus years. Yes, it’s a family secret, but I’ll share it with you now. INGREDIENTS: A culture that embraces failure. Only 5% of startups win, but they win big. Yet embracing the other 95% is required for persistent innovation. Ample education in technology & entrepreneurship. Successful tech regions have multiple colleges and a culture of continual … Continue readingRecipe: How to Bake Your Own Silicon Valley

How Advanced Corporations Innovate: Johnson & Johnson Innovation, JLABS

In our research on corporate innovation, we found the most advanced companies allow competitors to innovate in their own buildings. Johnson & Johnson Innovation, JLABS enables outside innovation inside the company. As a result, they’re improving the entire industry, including efforts of competitors, in order to positively impact society as a whole. Above: Crowd Companies’ Carl Bohlin addresses the council on our tour to JLABs in SF. At its nine sites within North America, JLABS gives startups the tools they need to level the playing field against large, corporate R&D teams. Half of each JLABS space is a common area with state-of-the-art equipment for use, while the other half is comprised of individual labs that help companies get started. JLABS … Continue readingHow Advanced Corporations Innovate: Johnson & Johnson Innovation, JLABS

Corporate Innovation Programs Come in Ten Flavors

Our recent research on Corporate Innovation Programs (download the high level version) found that companies are attempting to act more nimble and agile by deploying a combination of these innovation programs. Frequency varies, and budgets are skewed around Startup Acquisition, being the bulk of the investment. Corporations are taking pages from startups, to emulate the culture of a fast-moving smaller company. This list is structured in a logical way: The items listed on the top are happening inside of the company, while the items towards the bottom happen outside of the company. This is not a list that you should automatically approach as a checklist as the order of deployment will vary. For example, some companies have corporate development teams … Continue readingCorporate Innovation Programs Come in Ten Flavors