Overcome the Dreaded Innovator’s Dilemma with an Internal Incubator

Businesses face the dilemma of playing on the familiar field of their existing business model or exploring the uncertain and unfamiliar landscape of innovation. Yet innovation is imperative for commercial survival. An internal corporate incubator provides an effective way to foster ideas away from the demands of existing operations. This safe space allows a company to develop a completely new technology while tapping into promising opportunities. One of the most significant aspects of corporate incubators is safety - safety to the innovation process and to the larger business. Incubators provide a powerful framework for tracking ideas and their outcomes, enabling businesses to run lean experiments, generate proofs of concept, and track success and failure.