Industrial companies in innovation ecosystems

Innovation is a key success factor to ensure long-term success for companies. Despite the high awareness of the importance of innovation, ensuring an innovation-friendly climate remains a challenge, especially in large corporations. At the same time, much of the innovation activity is credited to small startup companies in the public opinion. This paper provides a practitioners view with two example projects to highlight the essential role of large corporations in innovation with a focus on innovation ecosystems. An additional aspect is explored in what setups help to support large scale innovation projects in large corporations.