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Start-Up Innovation Inspiring Business Transformation

How Disruptive Entrepreneurship is Driving Corporate Renovation + Reinvention

Sponsored by Tech Mahindra, the BPI Network is undertaking a brand new study focused on how disruptive entrepreneurship is driving corporate renovation and reinvention.

The formation of new venture starts is multiplying at an incredible rate worldwide aided by new sources of funding, a growing number of incubators and accelerators, as well as lower cost of business formation using outsourced infrastructures, off-shore development teams, and on-demand resources and mentoring.  

Many richly funded emerging growth companies have become disruptive forces in traditional markets, like insurance, hospitality, travel, healthcare, education, transportation, retailing, marketing, sales, advertising, payments, communications, entertainment, and investing. Their shared economy business models and new digital channels of engagement and market access are producing rapid growth, astounding valuations and stratospheric multiples when they go public.

At the end of last year, the world had nearly 140,000 startup businesses, of which more than half were based outside America, according to World Startup Report. McKinsey Institute Research predicts that by 2025 more than 45 percent of the Fortune Global 500 will be based in dynamic, emerging markets compared to 17% in 2000. In 2025, it estimates 15,000 companies will have $1B-plus in annual revenues compared to 8,000 in 2010; and 40 percent of new large companies will be located in the emerging world.

To what degree is this massive wealth creation and new crop of brand challengers and category contenders spurring greater invention and business remodeling in enterprise incumbents seeking to compete with agile and intrusive market entrants? What are the big corporates learning, emulating, acquiring and adapting? How are they restructuring, renovating, re-directing and investing in new talent, technology and alternative business models? 

“Start-Up Innovation: Inspiring Business Transformation” is a study that seeks to understand the degree to which disruptive entrepreneurship is driving corporate renovation and reinvention. The thought leadership initiative teams the Business Performance Innovation (BPI) Network with Tech Mahindra, a software company that specializes in digital transformation, consulting and business re-engineering solutions, and with TiE, a non-profit global entrepreneurs network of 14,000 participants across 61 chapters in 17 countries.

The findings of this study will be exhibited at TiEcon-- the largest conference on entrepreneurship held annually in Silicon Valley with more than 4,000 attendees (May 15 and 16, 2015). 

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Sponsor

Tech Mahindra
Tech Mahi​ndra is a specialist in digital transformation, consulting and business re-engineering solutions. They are a USD 3.5 billion company with 98,000+ professionals across 51 countries. They provide services to 674 global customers including Fortune 500 companies. Their innovative platforms and reusable assets connect across a number of technologies to deliver tangible business value to all our stakeholders. Tech Mahindra is also amongst the Fab 50 companies in Asia as per the Forbes 2014 List. They are part of the USD 16.5 billion Mahindra Group that employs more than 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services, and vacation ownership. 
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Partners

TiE
The Indus Entrepreneurs (TiE), was founded in 1992 in Silicon Valley by a group of successful entrepreneurs, corporate executives, and senior professionals with roots in the Indus region. There are currently 13,000 members, including over 2,500 charter members in 61 chapters across 18 countries. TiE’s mission is to foster entrepreneurship globally through mentoring, networking, education, incubating, and funding. Dedicated to the virtuous cycle of wealth creation and giving back to the community, TiE’s focus is on generating and nurturing our next generation of entrepreneurs.
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TiEcon
TiEcon is where the world’s wealth connects with technology stealth to create an enervating environment for start-ups to take off. The largest global gathering of entrepreneurship, it brings together Silicon Valley’s diverse, dynamic, and expert ecosystem to ignite and display disruptive technology innovation. Powered by TiE’s unique model that multiplies new venture value and wealth creation, it has become an inspiring venue for inventive thinking, networking, knowledge transfer, talent sourcing, funding, partnering and profound thought leadership.
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DEMO
Produced by IDG the DEMO conferences in the United States, China, Brazil, Russia and Vietnam focus on emerging technologies and new product innovations. The DEMO conferences have earned their reputation for consistently identifying tomorrow's cutting-edge technologies, and have served as launchpad events for companies such as Palm, E*Trade, Salesforce, Webex, Tivo, VMware, Fusion-io and thousands of others, helping them to secure venture funding, establish critical business relationships, and influence early adopters. The DEMO Scholarship Partner Program, subsidized by corporate sponsorships, offers multiple scholarship opportunities to ensure that deserving entrepreneurs have the chance to introduce cutting edge technology products at DEMO that might have otherwise gone undiscovered. 
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Studies

Startup Innovation Inspiring Business Transformation
Startups and new category contenders are spurring greater invention and business remodeling in enterprise incumbents seeking to compete with agile and intrusive market entrants. Big corporations are restructuring, renovating, re-directing and investing in new talent, technology, and alternative business models.
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Media Coverage

October 8, 2015 - 破坏性的企业精神:学习年轻人
培训杂志工作人员, 培训杂志
传统企业可以学会改变和创新的新兴企业。 Read more »

October 5, 2015 - Why Small Cloud Companies Have An Advantage Right Now
Per Ek, ReadWrite
Innovation matters in all aspects of technology, but that’s especially true for rapidly growing sectors like the cloud services. Here’s how smaller players may be better positioned to push this industry forward. Read more »

August 8, 2015 - Disruptive Entrepreneurship: Learning From the Young
Patty Gaul, Association for Talent Development
In its May 2015 report, Start-Up Innovation Inspiring Business Transformation: How Disruptive Entrepreneurship Is Driving Corporate Renovation and Reinvention, Business Performance Innovation Network, working with Tech Mahindra, probed the area around innovation. Read more »

June 16, 2015 - How Disruptive Startups Are Changing Enterprises
Dennis McCafferty, CIO Insight
A powerful combination of business and tech inventiveness and risk-taking among startups is forcing larger, established companies to redefine the way they do business, according to a recent survey from the BPI Network and Tech Mahindra. The report, "Startup Innovation Inspiring Business Transformation: How Disruptive Entrepreneurship Is Driving Corporate Renovation and Reinvention," reveals that these younger competitors are introducing bold, new strategies, greater agility and superior mobility practices while fueled by ready access to growth capital. Read more »

May 27, 2015 - Love Not War Wins for Small Businesses and Large Companies
The Associated Press, New York Times
Imagine a world where David and Goliath are best buds. Well it's becoming reality more frequently in the business world.Boston Beer Co., maker of Sam Adams, mentors and lends money to small craft brewers. It hopes their sales will grow and take grocery store shelf space from brands like Budweiser, Miller and Coors. "The best way for us to grow at Sam Adams is by having more craft beers out there," Boston Beer Chairman Jim Koch says. Read more »

May 15, 2015 - New Disruption Study: How Entrepreneurship is Driving Corporate Reinvention
Jorge Barba, Game Changer
With the inevitable rise of entrepreneurship and startups driving customer innovation, incumbent companies have begun adopting some of their techniques to either catch up or really stimulate transformation within the enterprise. A recent report by BPI Network called “Start-Up Innovation: Inspiring Business Transformation,” examines the impact of digital disruption on global enterprises and markets. Read more »

April 22, 2015 - Impact Of Disruptive Technology Startups On Global Business Takes Center Stage At TiEcon 2015
Lioness Magazine
TiEcon 2015, the world’s largest gathering of entrepreneurs, will become ground zero for “disruptive entrepreneurship” on May 15-16 at Silicon Valley’sSanta Clara Convention Center. This year’s conference will present, for the first time, findings of a new global study examining how start-ups are impacting market transformation and corporate innovation.  Read more »

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Facts & Stats

As of 2016, Airbnb is worth $25 billion US dollars. (Source)

Crowdfunding is expected to top $30 billion this year (up from just $880 million in 2010) (Source)

50% of today’s college students want to be entrepreneurs, and more than 1,200 startup incubators have sprouted up around America like dandelions in summer to assist the legions of hopefuls. (Source)

Legacy of Good program, Dell plans to invest $1 billion into emerging markets globally to encourage self-sustaining entrepreneurship. (Source)

Internet of Things-- 26 billion units installed in next 5 years, industry expected to generate $14.4 trillian net profit btw 2013-2022.  (Source)

Global spending on mobile apps will hit $35 billion in 2015. (Source)

Crowdfunding only accounts for 3 percent of funding, but crowdfunding itself has grown rapidly, becoming a $5.1 billion industry that raises $2 million each day. (Source)

$1.4 billion of crowdfunding went to startups that focused on consumer products and services, entrepreneurs got more funding for entering industries such as media and entertainment, biotechnology, industry and energy or IT services. (Source)

Crowdfunding has spread around the globe and reaches over 160 countries worldwide and more than 90% of the world's online population. (Source)

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Articles

August 17, 2016 - ​Australia Sends Startups to China to Build Innovation Network
ZDNet
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June 7, 2016 - How Software Drives Innovation and Enables Digital Business
CIO
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May 27, 2016 - Why Amazon is the King of Innovation: Online Retail Mastery
ZDNet
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May 26, 2016 - France’s Digital Minister to Silicon Valley: Strong Regulation is Good for Competition and Innovation
Venture Beat
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May 12, 2016 - Boston Is Now Ranked The Best City To Launch A Startup
Quartz
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March 31, 2016 - What's Working In Start Up Acceleration: Insight From 15 Village Capital Programs
Aspen Network of Development Entrepreneurs
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February 19, 2016 - An Inside Look Under The Hood Of The Intuitive Startup Machine
TechDay
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December 3, 2015 - Rediscovering Fundamental Innovation
MIT News
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November 17, 2015 - What is Disruptive Innovation?
Harvard Business Review
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November 6, 2015 - Four Strategies for Startups to Finish the Year Strong
Xconomy
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November 6, 2015 - How Do You Turn Your Tech Start-Up Into a Global Giant?
BBC
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October 6, 2015 - Innovation is a Game Everyone Should Play
StartupSmart
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August 25, 2015 - Why Corporate Entrepreneurs are Extraordinary – The Rebel Alliance
VentureBeat
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August 21, 2015 - Lean Startup, Design Thinking & Open Innovation for the Enterprise
Design Management Institute
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July 6, 2015 - How to Win the Innovation Race
LinkedIn
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July 1, 2015 - Creating A Culture of Innovation To Build A Better Working World
LinkedIn
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July 1, 2015 - Why the Lean Start-Up Changes Everything
Holland Contech
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June 30, 2015 - Five Obstacles That Impede Startup Innovation
Xconomy
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June 30, 2015 - Inside Obama's Stealth Start-Up
Fast Company
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May 22, 2015 - Coca-Cola Finds Innovation With Startups
CIO
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April 28, 2015 - 24 Startup Ideas that Investors are Begging to Fund
Business Insider
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April 22, 2015 - Business Transformation: Creating the Perfect Enterprise is a Reality
Forbes
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March 3, 2015 - What Is The Impact of Lean Management Principles On The Growth of A Startup? An Initial Survey Hopes to Encourage More People to Study This and Other Aspects of the Startup World
Planet Lean
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March 2, 2015 - Angels, Venture Capitalists or the Crowd: Who Should Fund Your Startup?
Entrepreneur
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February 4, 2015 - 8 Best Industries for Starting a Business Right Now
Inc.
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February 3, 2015 - Top Five Things to Look For in the Next Disruptive Enterprise Technology
Sand Hill
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January 18, 2015 - How 'Venture Builders' are Changing the Startup Model
Venture Beat
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January 15, 2015 - 5 Ways Small Companies Can Out-Innovate Big Corporations
Entrepreneur
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November 17, 2014 - The best places in the world to launch a start-up
CNBC
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November 13, 2014 - The Future of Business Innovation: Invent the Company That Will Put Your Company Out of Business
Inc.
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October 7, 2014 - Stuck? 5 Ways Entrepreneurs Can Gain a Fresh Perspective
Entrepreneur
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August 31, 2014 - 19 Tech Startups in Emerging Markets and Where They Might Have an Edge
Forbes
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May 12, 2014 - Why Building Big Businesses, Not Just Startups, is Crucial to Emerging Markets
TheNextWeb
Read more »

April 23, 2014 - How GE Applies Lean Startup Practices
Harvard Business Review
Read more »

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White Papers

Why Are Big Businesses Looking to Start-Ups for Innovation?
Businesses today face a market of constant instability and disruption due to significant changes in customer behavior, technology, regulation and demographics. This demands an innovative response from business otherwise they risk losing revenue and market share to more forward thinking, innovative and agile competitors. The question is no longer, why should your business innovate, but rather, in what ways are you innovating and how fast?  Read more »

Fostering a Start-Up and Innovation Ecosystem
Having the right talent is essential to support business growth. Countries need to invest in human capital to build and retain a workforce not only with the skills startups seek but also to help build businesses and innovate for the future. Countries can kickstart investment in human captial by creating flexible labor markets that attract people with a variet of skills and experience. Read more »

Mapping- The State of The Crowdfunding Nation
This groundbreaking report shows us how Crowdfunding is spreading across the globe and shows how present and pervasive it already is. This is a great achievement and a breakthrough for us all showing how differently countries, states and cities are doing relative to each other and their neighbours. Read more »

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Blogs

Understanding Disruption  Haydn Shaughnessy is the author of two books on the changing economic landscape, Shift and The Elastic Enterprise. Haydn trained as an economic historian and a sociologist, a background that has given him an understanding of how change unfolds. Haydn is also a time-served expert in platforms and business ecosystems, studying the changes taking place at different levels of the economy and analyzing patterns of disruption. Haydn's work has centred on helping decision makers to think differently. Visit blog »

Innovation for Development Innovation for Development is a blog and podcast that brings together curiosity, creativity and innovation and examines their impact on the development world. It has great articles and interviews with experts, innovators, social entrepreneurs and social innovators, development leaders, social organizations, and people from all realms of life who are creating an impact and making a difference to promote sustainable social and economic development across the globe. Visit blog »

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Books

Anticipate: The Architecture of Small Team Innovation and Product Success
Leaders bring in twice the revenue from new products. What’s their secret? Small teams are the centerpiece of their strategy. They embrace Agile development, but they do much more. Our new book, Anticipate. The Architecture of Small Team Innovation and Product Success, presents a set of core principles—proven through 60 years of industry study—that will benefit any size company. It’s written for both technical and marketing professionals, in language that is clear and concise.
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PRESS RELEASES

GLOBAL STUDY TO EXPLORE BUSINESS VALUE OF THE INDUSTRIAL INTERNET OF THINGS

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NEW RESEARCH FROM PENTON'S IOT INSTITUTE FINDS PRIVACY & ORGANIZATIONAL READINESS ARE THE PRIMARY CHALLENGES OF IMPLEMENTING IOT

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