This presentation summarizes thought leadership on Corporate Innovation with a focus on Accelerators and Incbators shared by Evangelos Simoudis, VC Partner at Trident Capital, during the KITE open house sessions at #NewCoSF 2014. Follow @ESimoudis on Twitter and you can read his blog at http://corporate-innovation.co/ This is the first in a series of posts exploring a wide range of aspects of Corporate Innovation brought to you by KITE, the first end-to-end innovation partner management solution.

1. Corporate Accelerators/
Incubators and
Disruptive Innovation
Based on:
Re-Imagining Corporate Innovation
with a Silicon Valley Perspective
by Evangelos Simoudis
http://corporate-innovation.co/
September 18, 2014

2. What is a Corporate Accelerator?
Corporate accelerators and incubators aim to help
startups get off the ground successfully,
typically in exchange for a small equity percentage in
each startup.
Key differences between accelerators & incubators:
1) accelerators invest in their startups ($20k to $100K in
each) and incubators don’t
2) accelerators support startups in groups or classes
while incubators do so on-demand
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3. The Corporate Accelerator Trend
Corporations are establishing accelerators and
incubators to advance their disruptive innovation
initiatives. They do so on their own or in partnership
with independent accelerators like Techstars.
When done correctly, accelerators and incubators
can have more long-term impact more cost
effectively than acquiring innovation.
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©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc.

4. 4 Models of Accelerators/Incubators
And select corporations pursuing these models
1. Step in the innovation process (work on disruptive solutions,
pursue potential disruptions)
2. Pay it forward (facilities & training provided, no equity taken)
3. Develop intrapreneurs (teams of entrepreneurial employees)
4. Test new work environments (w/ core startup characteristics)
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©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc.

5. When to Establish an Accelerator/Incubator
1. Access outside talent and innovative ideas around
an open-ended objective
2. Train intrapreneurs by placing them in an immersive
environment
3. Stimulate startup activity around a
new platform
4. Spur innovation in an area (industry, sector) where
little is happening
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©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc.

6. What an Accelerator/Incubator Involves
• Selecting the right founder teams to incubate
• Training teams on lean methods and agile
startup models
• Managing startups being incubated
• Pruning out startups that can’t translate their
idea into a product
• Establishing the right culture
• Exiting successful companies
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©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc.

7. How to Increase Value & Success Rate
• Obtain and maintain executive sponsorship
and funding
• Recruit the right mentors
• Provide the right incentives for the
entrepreneurs
• Make the incubator/accelerator part of the
ecosystem it operates in
• Create simple contracts that define the
startup-accelerator/incubator relationship
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©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc.

8. Teams Required
• Project selection and final evaluation -
corporate employees and outside experts
• Mentors - corporate executives and outsiders
with startup experience
• Education - may consist entirely of outside
speakers
• Operations - managing director, business
development and marketing managers,
administrative support, relationship managers
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©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc. 8

9. How to Proceed with the Best Startups
4 options for incubators/accelerators using accelerator models 1 and 2
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©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc. 9

10. More Info on Corporate Innovation
Blog
Re-Imagining Corporate Innovation
with a Silicon Valley Perspective
http://corporate-innovation.co/
Evangelos Simoudis
Senior Managing Director
Trident Capital
@esimoudis
KITE
https://getKITE.co/ | @getKITE
contact@getkite.co | 415-754-8302
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©2014 KITE Solutions Inc. All Rights Reserved. KITE, GETKITE and all associated logos are trademarks of Kite Solutions, Inc. 10