By doing open innovation right you and your company will discover something valuable. And there are proven approaches to get to Proof-Of-Concept / Minimum Viable Product. So far, so good.

But here’s the challenge. Only 1 out of 8 out-of-the-box tech makes it beyond POC. Studies show that neither corporates nor their external partners see their expectations about open innovation fulfilled. So, how can you scale the results of your open innovation activities?

If you do not solve this problem, open innovation is just a costly hobby. Fortunately, there is a Best Practice framework available that addresses the challenge. Developed in collaboration with leading companies and business schools, this framework is known as Lean Scaleup.

During my presentation, I will delve into why so many companies struggle in Scaling-Up and introduce you to the Lean Scaleup framework. I will also show you how you can apply this framework to overcome the obstacles and increase your chances of success.

Frank Mattes is an expert in corporate business-building, advisor to Corporate Innovation and Corporate Venturing, and author of two books on corporate business building.

In the last four years, Frank focused on the corporate business-building problem: why do large companies struggle dramatically in building new businesses from innovation - and how can they improve?

Together with 20+ industry leaders from many sectors, Frank co-created the Lean Scaleup™ framework. This framework comprises Best Practices in how to create new sizable, profitable businesses

The Lean Scaleup is the latest addition to the corporate entrepreneurship toolbox. It takes the Lean Startup into the corporate context, extends it to an end-to end journey from idea to scale and comprises the Best Practices from some of the world’s finest companies.

To help corporate innovation practitioners improve in business-building, Frank founded the consulting agency Lean Scaleup and published the book with the same name in May 2021. The book was co-written with two dozens of corporate practitioners and two leading business schools, UC Berkeley and the London Business School. Please find more on the book and the Lean Scaleup framework at www.leanscaleup.com/book

Before Lean Scaleup, Frank founded innovation-3, a consulting agency specialized in non-incremental innovation), was with the Boston Consulting Group and Member of the Board of a B2B scaleup. Frank holds two M.Sc. in Applied Mathematics from the University of Southern California, Los Angeles and Ulm University (Germany).