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How to Develop a Corporate Incubator? Lessons Learned from a Multinational

Wesley Canedo Souza, Raoni Barros Bagno (), Matheus Luiz Pontelo de Souza (), Rodrigo Ribeiro () and Leonel Del Rey de Melo Filho ()
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Wesley Canedo Souza: Technology Center for Quality and Innovation, Digital Metropolis Institute, Federal University of Rio Grande do Norte, Av. Cap. Mor Gouveia, 3000 – Lagoa Nova., Natal, Rio Grande do Norte, 59078-900, Brasil
Raoni Barros Bagno: Technology Center for Quality and Innovation, Production Engineering Department, Federal University of Minas Gerais, Av. Pres. Antônio Carlos, 6627 – Pampulha., Belo Horizonte, Minas Gerais, 31.270-901, Brasil
Matheus Luiz Pontelo de Souza: Research Group of Technological Entrepreneurship and Innovation (GETI), Department of Production Engineering, Pontifical Catholic University of Minas Gerais, Av. Dom José Gaspar, 500 – Coração Eucarístico, Belo Horizonte, Minas Gerais, 30535-901. Brasil
Rodrigo Ribeiro: Centre for Social Studies of Work, Technology and Expertise., Production Engineering Department, Federal University of Minas Gerais, Av. Pres. Antônio Carlos, 6627 – Pampulha., Belo Horizonte, Minas Gerais, 31.270-901, Brasil
Leonel Del Rey de Melo Filho: Research Group of Technological Entrepreneurship and Innovation (GETI), Department of Production Engineering, Pontifical Catholic University of Minas Gerais, Av. Dom José Gaspar, 500 – Coração Eucarístico, Belo Horizonte, Minas Gerais, 30535-901. Brasil

International Journal of Innovation and Technology Management (IJITM), 2024, vol. 21, issue 02, 1-29

Abstract: Multinationals are showing a growing interest in developing corporate incubation programs. However, only a few papers analyzed this emerging topic. We conducted a study at a Brazilian multinational steel company subsidiary, aiming to elucidate the process of designing a corporate incubator through a three-phase Action Research program that spanned 12 months. As a result of this study, we offer (i) a sequential and evolutionary framework for implementing corporate incubators; (ii) an information management tool that captures and utilizes data for decision-making during venture development; and (iii) an uncertainty-based evaluation tool for venture evolution.

Keywords: Corporate incubator; corporate entrepreneurship; corporate venture; open innovation (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1142/S0219877024500147

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