Who should apply for the Corporate Innovation Accelerator?
The Corporate Innovation Accelerator is ideally suited for any company aiming to ignite their innovation engine, whether through launching new products or services, enhancing their team's skills, or fostering an entrepreneurial mindset across the organization. It's designed for teams and individuals who are ready to challenge the status quo and drive significant change within their corporate environment. From startups to established enterprises, the program is a fit for those committed to transforming ideas into tangible outcomes, upskilling their talent, and cultivating a culture of agile, forward-thinking innovation.
What is the commitment required for this program?
The Corporate Innovation Accelerator is designed as a part-time commitment, fitting within the professional schedules of participants with an expected dedication of 4-5 hours per week. This includes engaging in the curriculum, participating in virtual check-ins, and progressing through innovation projects. However, participants should note that there will be more immersive work sessions during the three in-person workshops (Kickoff, Midpoint, and Startup Showcase). These sessions may require a higher level of engagement and time commitment compared to regular weekly activities. Despite this, the program is structured to ensure participants can continue to manage their current roles and responsibilities effectively. The balance of part-time engagement with intensive workshops allows for a deep, impactful learning experience without sacrificing professional obligations.
Do I need to have a business idea to join?
No, you do not need to come with a pre-existing business idea. One of the first phases of the program, Opportunity Spotting, is designed to help you identify potential innovation opportunities within your industry or organization.
How are teams formed within the program?
Teams within the Corporate Innovation Accelerator are carefully assembled leveraging insights from Gallup's Builder Profile 10 to ensure a balanced mix of roles critical for startup success: at least one Rainmaker (driven to generate business), one Conductor (who excels in operations and management), and one Expert (with deep domain knowledge). This strategic composition is foundational in fostering a well-rounded team capable of navigating the multifaceted challenges of innovation.
Additionally, we prioritize cross-pollination between divisions and a diversity of skills within each team. This approach is based on the understanding that diverse perspectives and expertise not only enhance creativity but also significantly improve problem-solving capabilities and the potential for groundbreaking innovation. By ensuring a mix of talents and backgrounds, Breakthrough Bootcamp teams are positioned to achieve better results, drawing from a broad spectrum of insights and experiences.
What outcomes can we expect from the Corporate Innovation Accelerator?
Participants can expect to emerge from the program with a fully developed business venture ready for implementation or investment. Beyond the tangible project outcomes, individuals will gain valuable skills in innovation methodologies, team collaboration, and entrepreneurial thinking that can be applied to future projects and roles within their organizations.
How does the Startup Showcase work?
The Startup Showcase is the culmination of the Corporate Innovation Accelerator, where teams present their developed ventures to a panel of stakeholders and potential investors. This event is an opportunity to demonstrate the progress and potential of your innovation, receiving feedback and possibly securing support for further development.
What support is available after the program concludes?
Graduates of the Corporate Innovation Accelerator gain access to an extensive network of alumni, mentors, and industry contacts. Additionally, participants retain access to program resources including the AI chatbot and template library, ensuring ongoing support for their innovation endeavors.
How do we apply?
Applications can be submitted through the Corporate Innovation Accelerator website. We recommend contacting us directly at hello@newventure.network for more information on application deadlines, requirements, and to discuss how the program can meet your organization's innovation goals.