Keywords: Innovative Companies Network, Corporate Investment, Startups
The EGADE Business School Center for Innovation and Entrepreneurship (CIE) brought together Nuevo Leon’s main companies to form the Innovative Companies Network (REI, in Spanish), to drive corporate innovation by establishing alliances with startups.
The Innovative Companies Network seeks to link large companies mainly to boost corporate investment in startups and develop open innovation processes.
The companies that have shown interest in joining the network are FEMSA, Cemex, Alfa, Arca Continental, Sigma Alimentos, Ternium México, DeAcero, Cuauhtémoc Moctezuma Heineken México, Xignux, Proeza, Vitro, Axtel, BanRegio, Softek, Neoris, and Quimmco Group.
Leaders from these organizations got together at the Monterrey location of EGADE Business School on May 18, to evaluate the momentum of the following initiatives through the Innovative Companies Network:
- Boost corporate investment in startups with Corporate Venture Capital.
- Develop Open Innovation processes.
- Align university technology research agendas to develop innovations that meet market needs and create high-impact businesses.
- Work together to foster a fiscal stimulus for innovation.
- Develop corporate entrepreneurship or intrapreneurship programs.
- Share experiences with innovation and disruptive processes.
Juan Pablo Murra Lascurain, Dean of the Business School at Tecnológico de Monterrey, welcomed the session of the Innovative Companies Network, which was also attended by representatives of organizations and investment and accelerator firms such as the Mexican Association of Private Capital (Amexcap, in Spanish), the Technological Link Center (CVT, in Spanish) of CAINTRA, Endeavor, Startup Studio, Auria Capital, EFM Capital, Analytikus, Ascendis Capital, Dalus Capital, Kinedu and Arzentia.
At the meeting, the EGADE Business School Full-Time MBA in Innovation & Entrepreneurship was introduced, a disruptive, year-long program that fosters high-impact business creation and intrapreneurship for organizational transformation.
The INCmty High Impact 2017 CDMX agenda was also addressed, to be held on 22 and 23 May; same as the "Multiplier Effect" study, an Endeavor research on high-impact entrepreneurs in the technology sector; and the Líderes del Mañana program by Tecnológico de Monterrey, among other topics.
Dr. Félix Cárdenas del Castillo, the director of the EGADE Business School Center for Innovation and Entrepreneurship, noted that one achievement of the Innovative Companies Network has been bringing together senior managers from different large companies to be leaders in a joint innovation agenda to help foster industry in Mexico.
“The organizations that are part of the Innovative Companies Network are in agreement to establish alliances and in some cases to inject capital to startups that are aligned with its business strategy and at the same time to surpass its internal limits to generate open innovation,” explained Dr. Cárdenas.
The goal of the EGADE Business School Center for Innovation and Entrepreneurship is to provide a place for students, entrepreneurs, business leaders, and investors to work closely together in an ecosystem that promotes innovation and entrepreneurship, as well as knowledge on the topic.
The Center for Innovation and Entrepreneurship will also have a decisive impact on the economic development of Mexico and Latin America, helping businesses grow by attracting cutting-edge startup projects along with established corporate leaders, investors, and venture capitalists who can stimulate financial returns.
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