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The Government Starts an Incubator: The National Science Foundation Innovation Corps

Steve Blank

They launched an incubator for the top scientists and engineers in the U.S. 63 scientists and engineers in 21 teams made 2,000 customer calls in 8 weeks , turning laboratory ideas into formidable startups. government agency that supports research in all the non-medical fields of science and engineering. billion U.S.

Incubator 301
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How companies strangle innovation – and how you can get it right

Steve Blank

— I just watched a very smart company try to manage innovation by hiring a global consulting firm to offload engineering from “distractions.” This was a very large and established tech company; its engineering organization developed the core day-to-day capabilities of the organization. Engineering continually felt overwhelmed.

Incubator 312
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Lead and Disrupt

Steve Blank

Try innovating inside a large company where 99% of the company is executing the current business model, while you’re trying to figure out and build what comes next. And they also recognize that simply exploiting their existing assets, capabilities, and business models is insufficient for long-term survival.

Incubator 402
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Why Real Learning is Outside the Building, Not Demo Day

Steve Blank

Over the last three years our Lean LaunchPad / NSF Innovation Corps classes have been teaching hundreds of entrepreneurial teams a year how to build their startups by getting out of the building and testing their hypotheses behind their business model. We had a killer team and all the right skillsets.

Lean 315
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Qualcomm’s Corporate Entrepreneurship Program – Lessons Learned (Part 2)

Steve Blank

With hindsight we should have had “proof of concepts” tested in a corporate center (think ‘pop-up incubator’) where they would do extensive Customer Discovery. We should had done this before assigning the teams to a particular business unit (or had the ability to create a new business unit, or spin the team out of the company).

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Innovation, Change and the Rest of Your Life

Steve Blank

Continuous innovation requires the imagination and courage to challenge the initial hypotheses of your current business model (channel, cost, customers, products, supply chain, etc.) What this means is that the emergence of incubators and super angels have dramatically expanded the sources of seed capital. Where is it going?

Restful 222
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When It’s Darkest Men See the Stars

Steve Blank

In addition to super angels, incubators like Y Combinator , TechStars and the 100+ plus others worldwide like them have begun to formalize seed-investing. The emergence of incubators and super angels have dramatically expanded the sources of seed capital. While companies execute business models, startups search for a business model.