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Innovators program raleigh 2016 keynote

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Slide and text from my keynote presentation.

Publié dans : Technologie
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Innovators program raleigh 2016 keynote

  1. 1. The “Big Company” Problem
  2. 2. Buy, Partner or Build
  3. 3. Short term focus vs patient capital Internal or competition focus vs customer & market opportunity focus Top talent constrained vs attract & retain top talent short term vs long term
  4. 4. The short term vs long term Dilemma
  5. 5. The Startup Opportunity
  6. 6. The “Big Company” Opportunity
  7. 7. Develop their own innovation “muscle”
  8. 8. Short term focus vs patient capital Internal or competition focus vs customer & market opportunity focus Top talent constrained vs train & retain top talent short term vs long term
  9. 9. The Innovators Program
  10. 10. The Innovators Program Cohort based ( ~10 Teams) Idea to “ strong signal” of success or not 3 months
  11. 11. Internal Teams: Work autonomously to achieve an important goal. Solve an internal problem / process - Red Hat Performance and Ambassador, Citrix CSP Improve an existing product or business - Citrix Recapit Explore a new potential growth area - Citrix Mediflow
  12. 12. “Big Company” Benefits Alumni return with new mindset & skillset Foundation of innovation “muscle” Immunity from disruption & path to long term growth
  13. 13. Startups: Equity free funding ( Grant) ($10k at start and up to 50k after 3 months) Access to Innovators Program network (Citrix, Redhat, HQ Raleigh, Investors, AWS credits etc) Additional 3 month growth program, if selected.
  14. 14. Innovators Program Results
  15. 15. Internal Team Stats # Programs: 5 Completed # Internal teams: 17 ( 3 month program) 8 ( 6 months total) 4 ( 12 months) Citrix: 16 teams, 42 Innovators Red Hat: 1 team, 4 Innovators
  16. 16. 12 months of funding: Key Benefit to innovators: Startup mindset and skillset Life and career changing experience Key Benefit: Customized onboarding at scale for 3 SaaS products => new awareness of tools to increase retention Raleigh 2015: Hudson & Sujan
  17. 17. 12 months of funding: Key Benefit to Carey: Autonomy to drive growth with a small team Life and career changing experience Key Benefit: Driving new growth with 1000’s of customer Helping change how we develop current & future products Santa Barbara 2015: Carey Caulfield
  18. 18. External Startup Summary # of programs : 5 # of startups : 31 11 # Funded ( Raleigh 4, Bangalore 3, SV 3, SB 1) 7 # Growing w/out funding 4 # Acquired or Assimilated ( SB 1, SV 2, Raleigh 1) 3 # Active looking for funding 4 # Shutdown 30% Funded ~$, 60% Positive Outcome
  19. 19. Raleigh: 4 startups have raised ~$3.5M
  20. 20. Funding Raised: $750K Funding Raised: $1.1M
  21. 21. Funding Raised: $1.1M Funding Raised: ~$450K
  22. 22. >10,000 business users Self Funded & Growing
  23. 23. Other Startup Acquisitions in our Network Acquired by PTC’s , Vuforia group, 6/2016. Acquired by Facebook bld 8, 9/2016.
  24. 24. Geeta & Matt Now leading Citrix Sharefile accounting vertical
  25. 25. Raleigh 2016 Teams
  26. 26. Thank you.
  27. 27. Interested to learn more about running an innovators program in your company or city? For more information contact Nick@ innovatorsprogram.co

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