It’s no secret that large organisations need to start exploring disruptive innovation if they are to survive in an era of increasing change and uncertainty. However, most traditional companies have been built purely to deliver on old business models instead of discover new ones. As such, large organisations have two choices:
Great things happen when you pair the domain expertise, networks, distribution channels, customers and resources of a large organisation with the speed, talent and emerging technology of startups. It radically increases the likelihood of success for both parties.
Our programs are different to the norm because we understand that startups are a numbers game. The best team in the world with the best idea in the world still faces an uphill battle. If you rely on a company’s immediate networks to access startups, you’re running the risk of accessing a limited talent pool. This, combined with a lack of business model alignment and strategic fit, means your efforts are likely to draw blanks, hurting your organisation’s belief in and investment in innovation.
There are hundreds of thousands of active startups around the world. When you consider that 96% of startups fail and that venture capitalists, whose sole job it is to invest in early stage innovation, get it right just 10% of the time, it makes no sense to limit your exposure to a dozen or so startups at a pitch night or a couple of hundred on an online platform.
NTUC Income, a national insurance cooperative in Singapore, has partnered with Collective Campus to identify Australian and New Zealand (ANZ) start-ups to solve their real business problems. The initiative offers the start-up community and innovators the opportunity to share their ideas, develop proof-of-concepts (POCs) and deploy ‘live’ trials with NTUC Income.Visit