Too often, open innovation programs (such as hackathons and call for ideas) limit themselves to generating new and compelling business ideas that, however, remain a dead letter, leaving out one of the fundamental problems of every innovation journey: moving from idea to reality.
The greatest hurdle for companies that are willing to innovate is not the generation of new ideas, but their implementation, which requires a balancing act between existing priorities and the creation of a completely new business unit. Moreover, making an innovative idea sprout requires completely different experience, resources and methods from the management of an already established business.
Startup Bakery responds to this need by acting not only as a generator of ideas, but crucially by creating the ideal conditions for the creation and development of new business models.
Furthermore, compared to other types of partnerships such as incubators and accelerators, which act as showcases for already “packaged” solutions, the startup studio offers the partner company a direct involvement in the creation and development process of the new startup. The direct participation of the partner company allows to create technical and business solutions that can be immediately integrated, and to prepare more effective and “no surprise” acquisition and integration plans. The direct participation of the partner company allows to create technical and business solutions that can be integrated immediately, and to prepare more effective and “no surprises” acquisition and integration plans.
See the “startup studio” section for more information on our business model.