How a VC Model Helps Government Spin in Innovation
Historically, government has fostered technological leaps, from space flight to GPS to vaccines. But today, government access to cutting-edge technologies often involves tapping into advances made by outside players—engineering a “reverse tech transfer.” And it’s not easy: traditional approaches typically fail to attract commercial innovators.
In a similar effort to keep pace with startups’ agility and speed, many large corporations have created functions and investment strategies to engage external innovators, a "corporate venture capital" model - which offers a blueprint government can adapt to "spin in" commercial innovation.
This session explores what government can learn from venture capital - the strategies and playbook to bridge the innovation ecosystem.
Other Resources / Information
- Why is emerging tech increasingly critical for public sector innovation? Why should commercial innovators consider government use cases?
- How can corporate investment models (portfolios, accelerators, JVs, open innovation) be used to create "win-win" partnerships around emerging tech?
- What new practices should government leaders adapt from the "VC playbook" to tap into relevant external innovation? (And how can startups engage?)
- William Eggers, Executive Director, Center for Government Insights, Deloitte
- Jenn Gustetic, Program Executive, Small Business Innovation Research and Technology Transfer, National Aeronautics and Space Administration (NASA)
- Meagan Metzger, Founder and CEO, Dcode
- Max Meyers, Manager (Strategy), Deloitte Consulting
Max Meyers, Manager, Deloitte Consulting
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