Thinking | Articles

Incubating Innovation


By Mark Payne
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As innovation has become virtually synonymous with growth, the urgency to innovate has surged. With that has come equal urgency for companies to develop internal innovation capabilities. Everywhere you look these days, there’s an announcement about another Fortune 500 company launching some form of innovation lab, hub, or incubator. In the U.S. alone, the number of internal innovation incubators has grown from twelve in 1980 to an estimated 7,000 today. Incubating Innovation is one of the major themes in our latest report, Big Entrepreneurship.

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