Techne Corporate
Innovation 2024
DISCOVER, DESIGN, DEPLOY
DISCOVER, DESIGN, DEPLOY
Corporate innovation is a strategic method of sourcing and embracing new ideas that allow a corporation to retain market share over an extended period. The process involves harmoniously merging new, disruptive ideas into existing processes. The model can be based on creating innovation from within or on outsourcing from startups in an open innovation model.
Corporate innovation is crucial for both startups and established companies. Startups benefit from resources, mentorship, and market exposure, helping them grow. At the same time, established companies gain by bringing innovation into their operations, staying adaptable in dynamic markets. This collaboration boosts startup evolution and enhances the competitiveness of established companies, creating a mutually beneficial relationship that drives progress in the business ecosystem.
Startups currently in the post-MVP stage with proven solutions in Health Tech, Marketing Tech, Sustainability, or Gaming Tech. Must demonstrate market traction and readiness for corporate collaboration. Open to startups from Europe, Africa, and the Middle East.
Participation Year: 2021
Sponsored Track: Edtech
Number of Presented Challenges: 3
Winner: GMind
Participation Year: 2021
Sponsored Track: Cleantech
Number of Presented Challenges: 3
Winner: Cropsa
Participation Year: 2021
Track Focus: HealthTech
Number of Presented Challenges: 3
Winner: Clinido
Participation Year: 2021
Sponsored Track: Real Estate Tech
Number of Presented Challenges: 3
Winner: Flash Lead
Sehatech aims to automate medical approvals, claims processing and the billing cycle, saving insurers’ time and expenses while preventing fraudulent parctices.
Cropsa is a groundbreaking integrated paltform for agricultural production.
Cropsa, a distinguished graduate of our Corporate Innovation Program, exemplifies outstanding achievements and growth since its participation.
Cropsa successfully secured two pre-seed funding rounds, with Ghabbour contributing $160,000 and Arzan valuing the startup at $500,000 USD. Achieved the first-place position among 6,500 startups in the highly competitive Startup Power Competition.
With the support garnered from these initiatives, Cropsa has rapidly expanded its operations: Boasts a network of 800 merchants and 3,000 farmers actively involved in developing a smart card solution tailored for the agricultural sector. Currently pursuing market entry into Saudi Arabia and The Netherlands, showcasing global expansion. Impressive coverage of 850,000 acres, making a significant impact in the agricultural sector.
Seha Tech, a health-tech startup based in Egypt, emerged as a success story stemming from its participation in Roche's White Labeled Corporate Innovation Program, Disruptors Lab.
Recently, Seha Tech achieved a significant milestone by securing $850,000 in funding in a round led by A15 Venture Capital and Beltone Venture Capital, a subsidiary of Beltone Holding Company.
Seha Tech's journey from the Disruptors Lab program to its current position exemplifies the transformative impact of corporate innovation initiatives. The program provided a strategic platform for Seha Tech to refine its healthcare solutions, particularly in digitizing third-party administration (TPA) processes.
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