In-house innovation labs have gotten a bad rap as of late. Whether their primary area of focus is retail, consumer packaged goods, or technology, labs across the board have been hit with criticism of being too siloed, too insular, too slow to adapt, and the like. However, having been on multiple sides of the equation as an investor, founder, and corporate venture partner, I can confidently say that not only are these criticisms lacking a solid foundation, but they also run the risk of burying the real issue we’re facing in today’s market: it’s rare that a mature corporation can…
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