Open Innovation How Corporate Giants Can Better Collaborate with Deep-Tech Start-ups. The Case of East and Southeast Asia Index Executive Summary 6 1. Introduction: The Stories of Toyota, Samsung, Alibaba, and Lenovo 9 2. Corporate Venturing in Deep Tech: An Emerging Trend 12 2.1 What Is Deep Tech? 12 2.2 What Is Corporate Venturing and What Is Its Connection to Deep Tech? 16 2.3 The Case of East and Southeast Asia 17 3. Corporate Venturing in Deep Tech: What We Don’t Know 19 3.1 Unsolved Questions in the Literature 19 3.2 A Relevant Field 21 4. Our Results 22 4.1 Analyzed Population and Sample 22 4.2 Corporate Venturing in Deep Tech: Adoption Rates 22 4.3 Corporate Venturing in Deep Tech: What Keeps Chief Innovation Officers Up at Night 25 4.4 Corporate Venturing in Deep Tech: Tackling Problems with Architecture 28 5. Connecting the Dots: Now What? 37 5.1 How Can These Results Help Chief Innovation Officers Around the World? 37 6. Appendixes 41 2 IESE Business School Open Innovation 3 Authors Josemaria Siota Mª Julia Prats IESE Business School IESE Business School
[email protected] [email protected] Researcher Vittoria Emanuela Bria IESE Business School Published in May 2021 4 IESE Business School Corporate Venturing Corporate Giants Innovating with Deep-Tech Start-ups The Case of East and Southeast Asia The Term Deep Tech Is Not New Understand this concept to implement, measure and improve it properly. Artificial intelligence Robotics and drones Deep tech is “a group of emerging technologies based on scientific discoveries or meaningful Advanced materials Photonics and electronics engineering innovations, offering a substantial advance over established technologies, and Biotechnology Quantum computing seeking to tackle some of the world’s fundamental Blockchain challenges.” Corporate Venturing In Deep Tech Is Growing at Speed Don’t miss the opportunity: Consider partnerships in this field with (and from) East and Southeast Asia too.