Corporate innovation services can be defined as the process of enterprises implementing new innovation opportunities into existing business models.
Established companies who engage in corporate innovation typically have a dedicated team towards innovation efforts. Others might want to explore Corporate Innovation Services who are specialized in helping traditional companies adapt to today's environment.
In the past, corporations entered the market with the product or service which was presumably unique at their time. Due to these companies being successful, they could often manage to expand their business. The R&D was solely focussed on improving the existing products which kept the company in the market.
What used to work in the past is now being outdated by a huge growth in the number of disruptive startups. Due to the size of corporations, they cannot be as flexible as startups which makes startups really effective in providing new solutions.
In this new environment, the traditional corporations must rethink and maybe even modify their business model. The idea is to bring innovation that can drag your business through the next 50 years.
Founded in the USA, Arthur D Little is also present in Malaysia. They help their clients in the areas of Technology and Innovation management.
They offer a wide variety of services when it comes to management consultancy. Also within innovation for corporates, they have a range of services. The most general one and which relates most to the topic is ‘Innovation Strategy Development’
Arthur D Little helps corporates to:
If you want to find out more about their services, please refer to: http://www.adlittle.com.my/en/services-list/57/technology-innovation-management
Located in Thailand, Singapore and Malaysia, Tandemic helps organisations who want to build innovation capabilities internally. They design products, services and interventions that address business and social challenges in new ways.
Their aim is to work with enterprise to make innovation a part of business. They help teams discover and act on new customer insight. They support organisation with the following services:
If you want to find out more about their services, please refer to; http://www.tandemic.com/
Rainmaking is active in four different continents including Asia and Europe. They are especially focussed on technology companies. They work with organizations and businesses of all sizes including early-stage startups and large corporates.
Rainmaking can generally provide five types of services:
Founded in 2006, Rainmaking has helped over 500 companies across the world with innovation strategies.
If you want to find out more about their services, please refer to; https://rainmaking.io/what-we-do
NEXEA provides corporate innovation services for multiple stages of innovation maturities to help Corporates achieve innovation goals.
NEXEA’s corporate innovation service is meant for traditional corporates who need help to innovate their business and to adapt to today’s environment in which technology plays an essential role.
When it comes to Corporate Innovation services, NEXEA helps businesses in three ways:
NEXEA is providing the services for one year now and acknowledges three past projects with well-known clients in Kuala Lumpur.
If you want to find out more about their services, please refer to; https://www.nexea.co/corporate-innovation-consulting-services-malaysia/#invest-in-venture-capital
Found. is active all over Singapore. They provide services in the areas of growth strategies, investor network and business insights. So far, Found. has helped approximately 75 corporates.
Services that Found. Provides concerning innovation are:
If you want to find out more about their services, please refer to; http://www.found.us/corporate-innovation
Based in Singapore, ICMG acts as a consultant in building businesses with the aim for innovation. Their aim lays within industries that they perceive as holding a growing importance to the future. Those include water, healthcare/ food, energy, IoT, logistics and fintech.
The service they provide regarding to corporate innovation are:
If you want to find out more about their services, please refer to; https://www.icmg.com.sg/en/#services
Collective Campus is active in Australia and Singapore. They focus on larger corporates and offer a variety of services including hackathon, startup matching, corporate accelerator and corporate innovation.
They provide corporates with an innovation report set up through the following stages:
Collective Campus has been active in three different continents and has helped large players with creating innovation strategies.
If you want to find out more about their services, please refer to; https://www.collectivecampus.com.sg/innovate/innovation-capability-assessment
PlugandPlay, What is Corporate Innovation?, available at: https://www.plugandplaytechcenter.com/resources/what-corporate-innovation/
NEXEA, CORPORATE INNOVATION CONSULTING & SERVICES IN MALAYSIA, Available at; https://www.nexea.co/corporate-innovation-consulting-services-malaysia/