Intrapreneur / Entrepreneur in Residence

“Entrepreneur in Residence” commonly referred to founders of startups formerly acquired or exited, channeling their growth/entrepreneurial expertise into a full-time corporate position.

More associated with venture capital (VC) firms.

Whereas, Intrapreneurs in Residence assume a bridge role between the corporation and the technology Startups or R&D companies.

A new position for the corporate scene, yet a permanent one with the new business dynamics. The intrapreneur in residence is an interpreter, speaking Startup, and Corporate languages with the same fluency.

Building an ecosystem company

A meaningful corporate transformation in the digital era requires ecosystem company skills.

Companies pursuing ecosystem strategy, integrate external and internal stakeholders into their work culture. This provides the much-needed flexibility to work with outside talent, addressing rapidly changing customer demand and competition. (Workinlot Ecosystem Design)

But how do you onboard the outside talent, and tap into innovative trends and business models overnight?

All departments are in for a culture change. But, culture change takes time and a lot of iterations.

That's why the Intrapreneur in Residence model, is a transformation strategy for an adaptive corporation. A membrane that allows interaction with the outside yet does not get the harmful stuff inside—an innovation de-risking agent.

While we have provided corporate innovation human resources to companies in various industries (chemicals, mobility, heavy machinery, energy, mining, etc.), the goal was always to facilitate corporate innovation activities with internal and external stakeholders. (Workinlot References)

In most cases, engagement of startups with different business units.

So here are some of the major activities within the work scope of the intrapreneur in residence.

• Painstorming with business units

All employees acquire a unique sense of their company. Inefficiencies due to work processes are employee's daily encounters. Online painstorming workshops trigger responses from separate departments' workforce.

When realized in time, these responses lead to opportunities, solutions, and optimization otherwise, the response leads to frustration of not being heard, meaning performance decline or retention problems.

• Ideation workshops to seize opportunities

Establishing the Right Empathy with Customers is Crucial for Innovation.

Understanding customer needs, analyzing the strengths and weaknesses of the company's current business model, and identifying innovation trends driven by competition is key to building this relationship.

Ideation workshops are a service we regularly recommend to support company employees in generating innovative ideas. Participants learn idea development methods, good idea definition, and collaborative problem-solving dynamics.

These workshops enhance innovation awareness and motivation while fostering the continuous exploration of new perspectives. Innovation takes time and demands risk-taking. But to devote the time and take the risk, one needs motivation. What better motivation than actively taking part in change and impact? To be recognized for your creativity.

• Global benchmarking

Industry expertise brings along knowledge/expert blindness. Knowing things to the core or having experimented previously on a similar case, is a setback that can be overcome with the work of an intrapreneur.

With global benchmark studies, intrapreneur in residence continuously updates the corporate intelligence with new adjacent markets and business models startups are creating or where the same vertical firms are investing their innovation efforts with investment or corporate accelerators.

• A facilitator between tech solution providers and the company

Establishing a pool of possible innovation needs is one thing. Prioritizing and evaluating them according to factors like company strategy/technology readiness level/deployment channels/type of engagement / strategic importance; is a highly demanding process.

That is why a methodology is a life-saving reference point to boost corporate intelligence and run simultaneous cycles without getting lost. (How PoCs Help Businesses Unlock Startup Potential)

Corporate Startup Engagement Loop SAMPLE -Methodology shows differences with every other company

Our PoC methodology empowers companies to effectively manage multiple interactions within their innovation processes without losing track. It also enables the embedded entrepreneur to function as an innovation project manager. (PoC Data and Business Intelligence)

Key Benefits of the PoC Methodology:

Streamlined project management: Effectively track and manage multiple interactions within the innovation process.

Enhanced innovation project management: Empower the intrapreneur in residence to oversee and guide innovation projects as an innovation human capital.

The goal, identify and engage with startups.

Boost Corporate Culture Transformation

With the intrapreneurs as a service offer, our responsibility is to transform corporate intelligence into more agile models. What makes us unique, is our ability to customize our methodology for different verticals or companies.

We are a bridge between internal and external talent. With each engagement, we gain a wider perspective of the innovation dynamics and the change we create gets more meaningful.

 

At Workinlot we design process frameworks that enable companies to collaborate with technology firms and startups. To ensure these designs are optimally developed, we provide iterative project management support in partnership with the organization.

 

Through this collaborative and iterative knowledge transfer, we have helped establish corporate venture capital funds, open innovation platforms, and venture builder structures.

Let's connect and collaborate to identify and validate new opportunities.