Incubator-in-a-Box for Internal Innovation and Intrapreneurship
Many technology companies are looking for effective models for running their own incubators to foster internal innovation within their organizations. Effectively, they want to cultivate intrapreneurship, find new ideas and entrepreneurial employees to nurture, encourage, and empower.
1Mby1M works with companies to incubate their intrapreneurs.
In this video, Sramana Mitra discusses Oracle’s intrapreneurship program powered by the 1Mby1M Incubator-in-a-Box program:
Choose the scale at which you wish to start. You can incubate 5, 10, 25, 50, 100, or 200 intrapreneurs.
You can go global right away, something only a virtual incubator platform can do. Or, choose one or more locations as you wish.
1Mby1M will provide the base-level incubation to these intrapreneurs through the Premium Program. This includes online curriculum, mentoring / strategy consulting, introductions to customers, channel partners, etc.
Corporation can add any amount of additional resources on top, including funding, mentoring, access to channels, etc.
1Mby1M can run contests and help corporation recruit the intrapreneurs to bring into the incubation program.
1Mby1M can also screen the best performers from the incubation portfolio for corporation to invest further resources in, after a few months of incubation.
The 1Mby1M Incubator-in-a-Box costs $1000/intrapreneur/year. So, if you incubate 50 intrapreneurs with us, that would cost $50k for a year.
The ROI we deliver is equivalent to $375k + 5-10% equity per project.
We do charge consulting and administrative fees depending on the scale of the program and the support you require.
Note: Here are a few videos explaining the 1Mby1M program in more depth:
We have worked with many corporate partners, helping their eco-systems with incubation support, including Oracle, SAP, Microsoft, etc. Nothing is too small for us. No geography is not of interest to us. Wherever, and at whatever scale you would like to build your corporate incubator, we look forward to working with you shoulder to shoulder.