Anita Sands, Board Director at Symantec and ServiceNow, talks about corporate innovation as it pertains to large enterprises experiencing disruptive change, as well as some experiencing hyper growth. Anita has perspective on both, and generously shares her thoughts.
For several years, I’ve been working with some corporate partners that want their whole organization to have at least an opportunity to participate in innovation. Part of this is driven by the fact that today, the words innovation and entrepreneurship are so catchy and so pervasive in corporate societies that part of the job attractiveness is dependent on how much people can participate in different types innovation, incubation, or intrapreneurship programs. Many companies want to provide opportunities for their employees to apply themselves in this direction. If everybody is submitting ideas, however, a process and a framework are needed to collect and vet those ideas. Which ideas get developed further? Which ones get resources? Have a listen to my recent conversations on corporate innovation strategies with the thought leaders of some major corporations shared as 30-minute podcasts.
Here Sramana Mitra explains our Incubator-In-A-Box (IIAB) program for which we’re seeing very significant interest right now. IIAB is our core partnership platform.
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 learning the One Million by One Million methodology and coming up with an idea through this process, the intellectual property belongs to Oracle.
Paolo Juvara: Absolutely. It’s an Oracle-sponsored program. Having said that, people also learn skills. There’s also an employee >>>
During this week’s roundtable, we started off with a segment on our Incubator-In-A-Box (IIAB) program for which we’re seeing very significant interest right now. Below are a few links we shared with the audience today for further exploration. IIAB is our core partnership platform.
Incubator-In-A-Box for Internal Innovation and Intrapreneurship
Corporate Innovation Discussion with Paolo Juvara, Oracle
Incubator-In-A-Box for Platform Vendors
Incubator-In-A-Box for Governments
Delaware Economic Development Office (DEDO) Partners With 1Mby1M
Economic Development Discussion with Ken Anderson, Delaware Economic Development Office
Incubator-In-A-Box for Accelerators
Scholarships to 1Mby1M Virtual Accelerator Awarded to NetApp Startups
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 program.
In terms of setting expectations, we try very hard not to set expectations that every project is going to find a path of implementation. With a company the size of Oracle, not every project is going to find an implementation path. >>>
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 is a tremendous number of people who keep coming to these. What do you think is at the heart of that?
Paolo Juvara: I think the program is very unique. This is a mini-MBA. There are not that many learning opportunities within Oracle to learn those skills. These are skills that people are very interested in. The popularity of entrepreneurship, in general, certainly helps. I also want to say that your reputation also helps. A person of your caliber helps. It’s very appealing for people. I also want to take this opportunity to thank Susan Hoffman in my team who’s doing a fantastic job in promoting the program in the company.
Sramana Mitra: Absolutely. The duo of Susan Hoffman and Maureen Kelly has really made a massive impact on the success of this program. The execution team is incredibly important. I’ve seen lots of execution teams not succeed in pulling off something that’s scalable and high-impact. Let’s talk about some of the ideas that are coming out of the program. What are some of the ideas that you like? What conclusions can we draw from those?
Paolo Juvara is Group Vice President, Oracle Applications Lab. 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 session, Paolo and I discuss the secrets of the success of the program. A unique window into corporate innovation thought leadership.