Innovation is a hot topic, and it can be confusing for large corporations. With terms like incubator, accelerator, and corporate venturing frequently mentioned but rarely defined, the menu of innovation options can be overwhelming.
A useful framework for understanding corporate innovation distinguishes what “innovation assets” are controlled by the corporation from what belongs to others. These innovation assets include everything from patents, technology, inventions, business models, customer contracts, and even legal entities. For the purposes of this framework, let’s explore these assets and define whether they are inside or outside of corporate control
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