Sramana Mitra: One point we should probably highlight is the intellectual property issue. When you are going through the One Million by One Million program on your own, you own the intellectual property. Of course, this is an Oracle program. It’s a very reasonable conclusion that the intellectual property belongs to Oracle. For everyone who’s
Sramana Mitra: This happens quite often that an idea that comes through the program is well fleshed out but doesn’t always find an implementation path. But that’s okay as far as we are concerned because the learning that people go through in fleshing out and being ready to present is the primary goal of the
Sramana Mitra: What about engagement? What are your thoughts? Why is the program so popular? Every time we run an edition of the program, there is tremendous engagement and lots of applications. There is a preparation time of six to eight weeks when we want people from Oracle to come attend the public roundtables. There
Sramana Mitra: Let’s double-click down on how we have evolved the program a bit. When we started, the application process involved people presenting their ideas. At that point, we were asking for people to submit ideas. As we went through the evolution over the years, we have completely morphed the program. In the application stage,
Oracle has been a partner of 1Mby1M since 2013 and has built its internal innovation program on the 1Mby1M Incubator-in-a-Box platform. In this interview, Sramana Mitra and Paolo Juvara, Group President of Oracle Application Lab, discuss the secrets of the success of the program. A unique window into corporate innovation thought leadership from some of
Sramana: Tell me about your organization. Are you still based in the north of Spain? Paolo Juvara: We have expanded over the years. We have the original office in Pamplona, and that is still our headquarters. It is a small town away from the major commercial centers, so in 2008 we opened an office in
Sramana: How did your revenue evolve? In 2007 and 2008 you were doing consulting to bring in revenue, correct? Paolo Juvara: The company started in 2006 and did less than 500,000 euros. In 2007, the company did 1.5 million euros. Those revenues came from consulting, training, and support. The company’s revenue grew threefold during its
Sramana: ERP has largely been a channel business and the accountants choose the accounting system, especially in the small business world. Somehow you have managed to make open source ERP a valid strategy for your company. How did you do it? Paolo Juvara: The adaptability of our solution is the reason we have been successful