Open Innovation

Venture Capital

Financing provided to early-stage, high-potential startup companies in exchange for equity ownership.

Innovation Management

The systematic process of managing an organisation's innovation procedure from ideation to implementation.

Digital Venturing

Creating new digital businesses or ventures within or alongside an established organisation.

Corporate Innovation Lab

A dedicated unit within a corporation focused on exploring and developing new technologies and business models.

Intrapreneurship

The practice of entrepreneurial behaviour within an established organisation to drive innovation.

Venture Building

The systematic creation of new businesses from scratch within a corporate or studio environment, providing capital, talent, infrastructure, and strategic guidance from inception.

Corporate Venture Capital

Investment of corporate funds directly into external startup companies to gain strategic benefits such as access to innovation, market intelligence, and potential acquisitions.

Lighthouse Project

A high-visibility pilot initiative designed to demonstrate the value of a new technology or approach, building organisational confidence and momentum for broader adoption.

Build vs Buy Analysis

A strategic decision framework for evaluating whether to develop technology capabilities internally or procure them from external vendors, weighing cost, time, differentiation, and risk.

The organisational framework of policies, roles, processes, and oversight mechanisms that ensure AI systems are developed and deployed ethically, safely, and in compliance with regulations.

A strategic planning tool evaluating Strengths, Weaknesses, Opportunities, and Threats facing an organisation.

A justification for a proposed project or undertaking based on its expected commercial benefit.

A concept where small consistent efforts compound over time to create self-sustaining momentum in business growth.

The strategic reimagining of an organisation's operations, products, and business models through the systematic integration of artificial intelligence across all functions and processes.

Innovation that creates a new market and value network, eventually disrupting existing markets and displacing established firms.

A comprehensive appraisal of a business or investment undertaken to establish its assets, liabilities, and commercial potential.

A business approach centred on creating value by facilitating interactions between multiple user groups.