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25
corporate
incubators,
examined.
VINCI
ROYALBANKOFCANADA
LEOPHARMA
GOOGLE
WALMART
RABOBANK
DAIMLER
Introduction.
P a r t 0 1 .
“Corporate incubators
fuel innovation
beyond funding,
they’re willing to
venture and explore
the unknown. “
Corporations are increasingly leaning into incubators to
drive innovation and find growth in new markets.
So, which corporates are building incubators, how are
they finding success, and what has come out of it?
To give you a better view of how this innovation
strategy is being used, we’ve examined 25 leading
corporate incubators from around the world.
You’ll find out how they activate startup ideas, the type
of models they favour, where they focus their
entrepreneurial energy, and the game-changing
ventures that were born of it. 
If you’re looking to build your own corporate incubator,
currently in developing one, or wanting to take it to the
next level, this list will give you the insight to success. 
Thomas Van Halewyck
Co-founder and managing
partner at Bundl
LINKEDINEM A IL
25 corporate incubators,
examined for you.
P a r t 0 2 .
Launched in 2014
Headquarters in Germany
Active in Aerospace
The Lufthansa Innovation Hub in Berlin, Germany is
the digital innovation unit of the global aviation
conglomerate Lufthansa Group. The business is led
by serial entrepreneur Gleb Tritus and Christian
Langer, Chief Digital Officer of Lufthansa Group, and
brings together employees of the airline's Frankfurt
am Main headquarters with talent of the German
startup ecosystem.
#1
Lufthansa
Innovation Hub
ExternalInternal
Activities
Acceleration
M & A
Incubation
Investment
Selection of ventures
We design the happy
journey of tomorrow.
Founded by Lufthansa
ExternalInternal
Entrepreneurship
RadicalCore
Type of innovation
Adjacent
#2
RBC Ventures
ExternalInternal
Activities
Acceleration
M & A
Incubation
Investment
Launched in 2014
Headquarters in Canada
Active in Banking
RBC Ventures is moving beyond banking to create
meaningful solutions that touch every Canadian.
They are building new ventures, acquiring growing
firms, making investments, and partnering with
organisations that share their vision. The results are
products and services that solve problems and make
lives better.
Go beyond banking.
Selection of ventures
Founded by Royal Bank of Canada
ExternalInternal
Entrepreneurship
RadicalCore
Type of innovation
Adjacent
#3
Capital One Labs
ExternalInternal
Activities
Acceleration
M & A
Incubation
Investment
Selection of ventures
We explore the
intersection of
technology and finance.
Founded by Capital One
Launched in 2012
Headquarters in the USA
Active in Fintech
Capital One Labs is an experimental product and
technology incubator that identifies high-impact
opportunities and provides its clients with impactful
solutions. It exists of a cross-functional team of
product managers, designers, data scientists,
developers, and other professionals. It combines
startup culture with the financial backing of a
Fortune 200 company.
ExternalInternal
Entrepreneurship
RadicalCore
Type of innovation
Adjacent
#4
Store N°8
ExternalInternal
Activities
Acceleration
M & A
Incubation
Investment
Selection of ventures
Transforming the future
of retail.
Founded by Walmart
Founded in 2017
Headquarters in the USA
Active in Retail
Store No. 8 is named after a location where Walmart
founder Sam Walton was known to experiment.
Here, startups to grow and flourish under the
umbrella of the world's largest retailer. The goal is to
have a fast-moving, separate entity to identify
emerging technologies that can be developed and
used across Walmart.
ExternalInternal
Entrepreneurship
RadicalCore
Type of innovation
Adjacent
#5
Chemovator
ExternalInternal
Activities
Acceleration
M & A
Incubation
Investment
Selection of ventures
Incubating Chemistry
Businesses.
Founded by BASF
Founded in 2018
Headquarters in Germany
Active in Chemistry
Chemovator is a tool for BASF to test early stage
business ideas and explore unconventional growth
opportunities. It delivers de-risked and investable
business plans for BASF to internalise or to form
BASF spin-off companies. Chemovator employs a
startup mindset – fast, lean, and customer-focused.
ExternalInternal
Entrepreneurship
RadicalCore
Type of innovation
Adjacent
#6
Area 120
ExternalInternal
Activities
Acceleration
M & A
Incubation
Investment
Selection of ventures
Area 120 is Google’s
workshop for
experimental products.
Founded by Google
Founded in 2016
Headquarters in the USA
Active in Technology
Area 120 is an experimental program within Google
to help small teams rapidly build new products in an
entrepreneurial environment. It is where Googlers
spend 100% of their time on 20% projects. So far,
Google employees have pitched more than a
thousand ideas of which 50 got a green light.
ExternalInternal
Entrepreneurship
RadicalCore
Type of innovation
Adjacent
#7
Leo Innovation Lab
ExternalInternal
Activities
Acceleration
M & A
Incubation
Investment
Selection of ventures
We nurture companies
to lead the digital
health revolution.
Founded by Leo Pharma
Founded in 2015
Headquarters in Denmark
Active in Healthcare
LEO Innovation Lab is an independent unit,
established by LEO Pharma as part of a long-term
strategic decision to focus on patient needs. They
are innovating to improve the lives of people with
chronic skin conditions - not with medical
treatments but through digital solutions. They do
this by looking at the aspects of everyday life that
affects a person with a skin condition.
ExternalInternal
Entrepreneurship
RadicalCore
Type of innovation
Adjacent
#8
Lab 1886
ExternalInternal
Activities
Acceleration
M & A
Incubation
Investment
Selection of ventures
We bring ideas to life.
Founded by Daimler
Founded in 2007
Headquarters in Germany
Active in Automotive
Lab1886 is an independent innovation lab within
Daimler AG. It is where new business ideas, including
outside the core business, are identified, incubated
and brought to market maturity. The aim is to
proceed faster from the idea to the product or
business model. By realising a portfolio of
innovations, Lab1886 helps Daimler AG to secure a
sustainable and profitable future.
ExternalInternal
Entrepreneurship
RadicalCore
Type of innovation
Adjacent
#9
Hubraum
ExternalInternal
Activities
Acceleration
M & A
Incubation
Investment
Selection of ventures
We bring startups and
the leading European
telco tech together.
Founded by Deutsche Telekom
Founded in 2012
Headquarters in Germany
Active in Telecom
Hubraum is the tech incubator of Deutsche Telekom.
By bringing early-stage startups and the leading
European telco together, Hubraum strives to ignite
innovation and create new business opportunities
for both sides. Startups benefit from co-innovation
programs, seed-investments, tech assets and
knowledge. In return Deutsche Telekom benefits
from new business opportunities.
ExternalInternal
Entrepreneurship
RadicalCore
Type of innovation
Adjacent
#10
Rabo Frontier
Ventures
ExternalInternal
Entrepreneurship
Activities
RadicalCore
Type of innovation
Adjacent
Acceleration
M & A
Incubation
Investment
Selection of ventures
Backing the best
fintech and agritech
entrepreneurs.
Founded by Rabobank
Founded in 2018
Headquarters in the Netherlands
Active in Banking
Rabo Frontier Ventures is part of broader innovation
agenda, in which internal and external food & agri
ventures are supported to scale their business.
Rabobank provides them capital, non-financial
support like access to their customers, knowledge
and network. They want to transform the Agri
industry by building sustainable and future proof
business models in this rapidly changing world.
Practical insights
about corporate
incubators.
DOWNLOA D TH E REPOR T
10 key steps you need to take
to make it a success.
ExternalInternal
Entrepreneurship
Activities
RadicalCore
Type of innovation
Adjacent
Selection of ventures
We build disruptive
companies from the
ground up.
Founded in 2016
Headquarters in France
Active in Technology
Kamet Ventures is a venture inventor and builder. It is
focused on creating breakthrough companies that
will redefine the sectors of Insurtech, Digital Health,
and Mobility. It provides a unique framework for
ideation and experimentation and supports the
development and launch of new businesses by
providing extensive operational support and
privileged access to its network of market-leading
advisors and experts.
#11
Kamet Ventures
Founded by AXA
Acceleration
M & A
Incubation
Investment
ExternalInternal
Entrepreneurship
Activities
RadicalCore
Type of innovation
Adjacent
Incubation
Selection of ventures
Let’s build the cities of
the future together.
Founded in 2017
Headquarters in France
Active in Construction
Leonard is the VINCI Group's innovation and
foresight platform. Set up to invent and serve the
group's future business activities, Leonard is in
charge of tracking emerging trends, identifying long-
term challenges and goals, pinpointing opportunities
for change in the group's businesses and
organizational structure, identifying new growth
drivers and developing innovative project incubation
and acceleration programmes open to both group
employees and startups.
#12
Leonard
Founded by Vinci
Acceleration
M & A Investment
ExternalInternal
Entrepreneurship
Activities
RadicalCore
Type of innovation
Adjacent
Acceleration Incubation
Selection of ventures
Small idea's,
Big Innovations.
Founded in 2012
Headquarters in South Korea
Active in Consumer Electronics
C-Lab is an in-house idea incubation program that
encourages a creative corporate culture and
nurtures innovative ideas from Samsung employees.
Introduced in 2015, the  C-Lab spin-off policy  helps
Samsung employees who have successfully
completed C-Lab projects to launch their own start-
ups. Samsung supports the spin-off companies
through seed money investment and business
consulting to accelerate their growth, while
guaranteeing their independent management. So far,
C-Lab has supported over 220 projects.
#13
C-Lab
Founded by Samsung
M & A Investment
ExternalInternal
Entrepreneurship
Activities
RadicalCore
Type of innovation
Adjacent
Acceleration Incubation
Selection of ventures
We put the ‘X’ in NEXT.
Founded in 2013
Headquarters in Silicon Valley,
Berlin, New York, San Fransisco,
Tel Aviv, Korea
Active in Digital Technology
The NEXT Product group is devoted to creating new
software and services businesses and platforms.
Teams develop ideas into products, grow products
into businesses, and scale businesses with the power
to transform the future of software.
Their ventures are often driven by a shift in
consumer behaviour, a new enabling technology, a
new platform reaching critical mass, a new interface
becoming intuitive, a new distribution channel being
found—amplified by the convergence of many of
these scenarios. 
#14
Samsung Next
Founded by Samsung
InvestmentM & A
ExternalInternal
Entrepreneurship
Activities
RadicalCore
Type of innovation
Adjacent
Selection of ventures
Products crafted from
your insights.
Founded in 2011
Headquarters in the USA
Active in Home Appliances
W-Labs seeks to discover unique facets of
consumers that lead to new products. They push
those products and ideas to fail, so they can learn
from mistakes, and fast. It consists of a mighty group
of thinkers, tinkerers, and creatives. It’s an
e n v i ro n m e n t w h e re t h o s e w h o h a v e a n
entrepreneurial spirit can bring their business drive
to a startup-like division, even within a global
corporation. They do whatever it takes to bring
innovative products to life.
#15
W-Labs
Founded by Whirlpool
Incubation
M & A Investment
Acceleration
ExternalInternal
Entrepreneurship
Activities
RadicalCore
Type of innovation
Adjacent
Incubation
Selection of ventures
We are Heimat for
startups.
Founded in 2013
Headquarters in Germany
Active in Technology
Grow is a platform for startups and an open space
for entrepreneurs inside of Bosch. They’re focused
on radical ideas in order to develop new, sustainable
and profitable business in new markets for Bosch.
Grow offers access to infrastructure, the connection
to the group, as well as shared services. They are
financed by Bosch and supported by the Grow
platform team from preparation through incubation
and scaling, empowering them to transform their
ideas into new businesses.
#16
Grow
Founded by Robert Bosch
M & A Investment
Acceleration
ExternalInternal
Entrepreneurship
Activities
RadicalCore
Type of innovation
Adjacent
Acceleration
M & A
Incubation
Selection of ventures
Digital has the potential
of transforming the
core business of Thales
and its customers.
Founded in 2017
Headquarters in Paris, France
Active in Digital Technology
The Digital Factory has been launched to accelerate
the digital transformation of Thales and its
customers inn five core areas: aerospace, space,
ground transportation, defense and security. The aim
is not only to create and accelerate new ventures,
but also to create a cultural shift within Thales.
The Digital Factory is hosted inside Station F in Paris
and has around 11 startups that, in most cases, will
be handed over to existing business units.
#17
Thales Digital Factory
Founded by Thales
Quentin Reytinas
Investment
ExternalInternal
Entrepreneurship
Activities
RadicalCore
Type of innovation
Adjacent
Acceleration
M & A
Incubation
Selection of ventures
A platform dedicated to
nurturing, scaling, and
accelerating growth
Founded in 2018
Headquarters in Chicago, USA
Active in Food and beverages
The program was created to turn startups with
disruptive products and brands into thriving
companies in the food and beverage industry.
Companies invited into the incubator program are
given a unique opportunity with an abundance of
tools and resources to help make their goals a reality.
Springboard is looking for authentic brands to
partner with as well as startups for their incubator
program.
#18
Springboard
Founded by Kraft Heinz
Quentin Reytinas
Investment
ExternalInternal
Entrepreneurship
Activities
RadicalCore
Type of innovation
Adjacent
Acceleration
M & A
Incubation
Selection of ventures
It has always been in
our DNA to service tech
businesses and content
creators.
Founded in 2017
Headquarters in Paris, France
Active in Digital Technology
Naver is a listed Asian-born internet company that
owns 80% of the search market in Korea and is the
mother company of Line, a Japanese messaging app
that has reached the $1 billion revenue landmark in
less than 5 years
Their digital factory in France is building a
community of DOERS ready to share and generate
opportunities for each other. Next to helping
entrepreneurs move forward they also invest in
existing startups.
#19
Space Green
Founded by Naver
Investment
ExternalInternal
Entrepreneurship
Activities
RadicalCore
Type of innovation
Adjacent
Acceleration
M & A
Selection of ventures
We must do everything
possible to unleash the
creative capabilities of
Michelin employees."
Founded in 2014
Headquarters in France
Active in Mobility
The Incubator Program Office covers projects linked
to three strategic fields (excluding tires): Services and
Solutions, Mobility Experiences and High-tech
Materials. The role is to detect projects that could
support future growth and develop them in a lean
fashion.
When starting more than 4000 ideas where
admitted, many ideas where taken back to the
Business Units and others accelerated updates to
existing products. And 14 ventures started at the
Incubator Program Office.
#20
Incubator
Program Office 
Investment
Incubation
Founded by Michelin
ExternalInternal
Entrepreneurship
Activities
RadicalCore
Type of innovation
Adjacent
Acceleration
M & A
Incubation
Selection of ventures
Because we know great
ideas can come from
everywhere.
Founded in 2012
Headquarters in the USA
Active in Life sciences
Johnson & Johnson Innovation or JLABS is a global
network of open innovation ecosystems. They’re
enabling and empowering innovators across a broad
healthcare spectrum including pharmaceuticals and
medical devices.
They also focus on consumer and health tech
sectors that create and accelerate the delivery of
life-saving, life-enhancing solutions to patients
around the world.  With 420 startups over six years
that have secured $11.6bn in funding Johnson &
Johnson is betting big on innovation.
#21
J-Labs
Founded by Johnson & Johnson
Investment
ExternalInternal
Entrepreneurship
Activities
RadicalCore
Type of innovation
Adjacent
Acceleration Incubation
Selection of ventures
80 percent of Ford X’s
investing goes to
people and ideas that
come from within Ford.
Founded in 2018
Headquarters in the USA
Active in Mobility
Ford X is Ford Mobility’s venture incubator. They
unite entrepreneurs, designers and engineers to
envision, build and validate new mobility ventures
and business models to shape the future of
transportation.
Although being very open about their process, most
things happen behind closed doors.
#22
Ford X
Founded by Ford
InvestmentM & A
ExternalInternal
Entrepreneurship
Activities
RadicalCore
Type of innovation
Adjacent
Acceleration Incubation
Selection of ventures
We develop new
solutions that improve
the current service of
Albert Heijn.
Founded in 2018
Headquarters in the Netherlands
Active in Groceries
Albert Heijn Labs uses the lean startup method to
work on new concept and innovation. Most of these
initiatives create knowledge that can be brought
back to the core of service Albert Heijn.
For many projects, the Lab partners up with other
businesses such as an Achmea (insurance), Bol.com
(online retail) and Samsung (refrigerators).
#23
Albert Heijn Labs
Founded by Albert Heijn
InvestmentM & A
Launched in 2014
Headquarters in the UK
Active in Consumer Goods
Unilever Foundry works with pioneering startups to
identify and accelerate partnership opportunities on
a global scale, using their creativity and expertise to
unleash disruptive innovation. By driving innovation
in Unilever’s brands and functions, they are helping
to make sustainable living commonplace by
establishing more efficient and effective solutions for
consumers.
#24
The Unilever
Foundry
ExternalInternal
Activities
M & A
Incubation
Investment
Selection of ventures
Collaborate.
Experiment. Pioneer.
Founded by Unilever
ExternalInternal
Entrepreneurship
RadicalCore
Type of innovation
Adjacent
Acceleration
ExternalInternal
Entrepreneurship
Activities
RadicalCore
Type of innovation
Adjacent
Acceleration
M & A
Incubation
Selection of ventures
We are also developing
our own prototypes for
tomorrow’s financial
world. 
Founded in 2014
Headquarters in Germany
Active in Banking
Main Incubator GmbH is a wholly-owned subsidiary
of Commerzbank. As a Research & Development
Unit Main Incubator deals with future topics and
emerging technologies such as blockchain, big data,
machine learning, artificial intelligence, biometrics,
robotics, virtual reality, cloud, open API, wearables,
IoT and quantum computing.
By developing their own prototypes Main Incubator
is proactively shaping new ventures. Through
strategic investments in tech-driven startups Main
ncubator makes innovation available for
Commerzbank and its customers.
#25
Main Incubator
Founded by Commerzbank
Investment
Reach out to me and get
the conversation started.
Thomas Van Halewyck
Co-founder and managing
partner at Bundl
LINKEDINEMAIL
We can help set up
your corporate
incubator, take it to
the next level, or
create your newest
venture.

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25 Corporate Incubators examples

  • 3. “Corporate incubators fuel innovation beyond funding, they’re willing to venture and explore the unknown. “ Corporations are increasingly leaning into incubators to drive innovation and find growth in new markets. So, which corporates are building incubators, how are they finding success, and what has come out of it? To give you a better view of how this innovation strategy is being used, we’ve examined 25 leading corporate incubators from around the world. You’ll find out how they activate startup ideas, the type of models they favour, where they focus their entrepreneurial energy, and the game-changing ventures that were born of it.  If you’re looking to build your own corporate incubator, currently in developing one, or wanting to take it to the next level, this list will give you the insight to success.  Thomas Van Halewyck Co-founder and managing partner at Bundl LINKEDINEM A IL
  • 4. 25 corporate incubators, examined for you. P a r t 0 2 .
  • 5. Launched in 2014 Headquarters in Germany Active in Aerospace The Lufthansa Innovation Hub in Berlin, Germany is the digital innovation unit of the global aviation conglomerate Lufthansa Group. The business is led by serial entrepreneur Gleb Tritus and Christian Langer, Chief Digital Officer of Lufthansa Group, and brings together employees of the airline's Frankfurt am Main headquarters with talent of the German startup ecosystem. #1 Lufthansa Innovation Hub ExternalInternal Activities Acceleration M & A Incubation Investment Selection of ventures We design the happy journey of tomorrow. Founded by Lufthansa ExternalInternal Entrepreneurship RadicalCore Type of innovation Adjacent
  • 6. #2 RBC Ventures ExternalInternal Activities Acceleration M & A Incubation Investment Launched in 2014 Headquarters in Canada Active in Banking RBC Ventures is moving beyond banking to create meaningful solutions that touch every Canadian. They are building new ventures, acquiring growing firms, making investments, and partnering with organisations that share their vision. The results are products and services that solve problems and make lives better. Go beyond banking. Selection of ventures Founded by Royal Bank of Canada ExternalInternal Entrepreneurship RadicalCore Type of innovation Adjacent
  • 7. #3 Capital One Labs ExternalInternal Activities Acceleration M & A Incubation Investment Selection of ventures We explore the intersection of technology and finance. Founded by Capital One Launched in 2012 Headquarters in the USA Active in Fintech Capital One Labs is an experimental product and technology incubator that identifies high-impact opportunities and provides its clients with impactful solutions. It exists of a cross-functional team of product managers, designers, data scientists, developers, and other professionals. It combines startup culture with the financial backing of a Fortune 200 company. ExternalInternal Entrepreneurship RadicalCore Type of innovation Adjacent
  • 8. #4 Store N°8 ExternalInternal Activities Acceleration M & A Incubation Investment Selection of ventures Transforming the future of retail. Founded by Walmart Founded in 2017 Headquarters in the USA Active in Retail Store No. 8 is named after a location where Walmart founder Sam Walton was known to experiment. Here, startups to grow and flourish under the umbrella of the world's largest retailer. The goal is to have a fast-moving, separate entity to identify emerging technologies that can be developed and used across Walmart. ExternalInternal Entrepreneurship RadicalCore Type of innovation Adjacent
  • 9. #5 Chemovator ExternalInternal Activities Acceleration M & A Incubation Investment Selection of ventures Incubating Chemistry Businesses. Founded by BASF Founded in 2018 Headquarters in Germany Active in Chemistry Chemovator is a tool for BASF to test early stage business ideas and explore unconventional growth opportunities. It delivers de-risked and investable business plans for BASF to internalise or to form BASF spin-off companies. Chemovator employs a startup mindset – fast, lean, and customer-focused. ExternalInternal Entrepreneurship RadicalCore Type of innovation Adjacent
  • 10. #6 Area 120 ExternalInternal Activities Acceleration M & A Incubation Investment Selection of ventures Area 120 is Google’s workshop for experimental products. Founded by Google Founded in 2016 Headquarters in the USA Active in Technology Area 120 is an experimental program within Google to help small teams rapidly build new products in an entrepreneurial environment. It is where Googlers spend 100% of their time on 20% projects. So far, Google employees have pitched more than a thousand ideas of which 50 got a green light. ExternalInternal Entrepreneurship RadicalCore Type of innovation Adjacent
  • 11. #7 Leo Innovation Lab ExternalInternal Activities Acceleration M & A Incubation Investment Selection of ventures We nurture companies to lead the digital health revolution. Founded by Leo Pharma Founded in 2015 Headquarters in Denmark Active in Healthcare LEO Innovation Lab is an independent unit, established by LEO Pharma as part of a long-term strategic decision to focus on patient needs. They are innovating to improve the lives of people with chronic skin conditions - not with medical treatments but through digital solutions. They do this by looking at the aspects of everyday life that affects a person with a skin condition. ExternalInternal Entrepreneurship RadicalCore Type of innovation Adjacent
  • 12. #8 Lab 1886 ExternalInternal Activities Acceleration M & A Incubation Investment Selection of ventures We bring ideas to life. Founded by Daimler Founded in 2007 Headquarters in Germany Active in Automotive Lab1886 is an independent innovation lab within Daimler AG. It is where new business ideas, including outside the core business, are identified, incubated and brought to market maturity. The aim is to proceed faster from the idea to the product or business model. By realising a portfolio of innovations, Lab1886 helps Daimler AG to secure a sustainable and profitable future. ExternalInternal Entrepreneurship RadicalCore Type of innovation Adjacent
  • 13. #9 Hubraum ExternalInternal Activities Acceleration M & A Incubation Investment Selection of ventures We bring startups and the leading European telco tech together. Founded by Deutsche Telekom Founded in 2012 Headquarters in Germany Active in Telecom Hubraum is the tech incubator of Deutsche Telekom. By bringing early-stage startups and the leading European telco together, Hubraum strives to ignite innovation and create new business opportunities for both sides. Startups benefit from co-innovation programs, seed-investments, tech assets and knowledge. In return Deutsche Telekom benefits from new business opportunities. ExternalInternal Entrepreneurship RadicalCore Type of innovation Adjacent
  • 14. #10 Rabo Frontier Ventures ExternalInternal Entrepreneurship Activities RadicalCore Type of innovation Adjacent Acceleration M & A Incubation Investment Selection of ventures Backing the best fintech and agritech entrepreneurs. Founded by Rabobank Founded in 2018 Headquarters in the Netherlands Active in Banking Rabo Frontier Ventures is part of broader innovation agenda, in which internal and external food & agri ventures are supported to scale their business. Rabobank provides them capital, non-financial support like access to their customers, knowledge and network. They want to transform the Agri industry by building sustainable and future proof business models in this rapidly changing world.
  • 15. Practical insights about corporate incubators. DOWNLOA D TH E REPOR T 10 key steps you need to take to make it a success.
  • 16. ExternalInternal Entrepreneurship Activities RadicalCore Type of innovation Adjacent Selection of ventures We build disruptive companies from the ground up. Founded in 2016 Headquarters in France Active in Technology Kamet Ventures is a venture inventor and builder. It is focused on creating breakthrough companies that will redefine the sectors of Insurtech, Digital Health, and Mobility. It provides a unique framework for ideation and experimentation and supports the development and launch of new businesses by providing extensive operational support and privileged access to its network of market-leading advisors and experts. #11 Kamet Ventures Founded by AXA Acceleration M & A Incubation Investment
  • 17. ExternalInternal Entrepreneurship Activities RadicalCore Type of innovation Adjacent Incubation Selection of ventures Let’s build the cities of the future together. Founded in 2017 Headquarters in France Active in Construction Leonard is the VINCI Group's innovation and foresight platform. Set up to invent and serve the group's future business activities, Leonard is in charge of tracking emerging trends, identifying long- term challenges and goals, pinpointing opportunities for change in the group's businesses and organizational structure, identifying new growth drivers and developing innovative project incubation and acceleration programmes open to both group employees and startups. #12 Leonard Founded by Vinci Acceleration M & A Investment
  • 18. ExternalInternal Entrepreneurship Activities RadicalCore Type of innovation Adjacent Acceleration Incubation Selection of ventures Small idea's, Big Innovations. Founded in 2012 Headquarters in South Korea Active in Consumer Electronics C-Lab is an in-house idea incubation program that encourages a creative corporate culture and nurtures innovative ideas from Samsung employees. Introduced in 2015, the  C-Lab spin-off policy  helps Samsung employees who have successfully completed C-Lab projects to launch their own start- ups. Samsung supports the spin-off companies through seed money investment and business consulting to accelerate their growth, while guaranteeing their independent management. So far, C-Lab has supported over 220 projects. #13 C-Lab Founded by Samsung M & A Investment
  • 19. ExternalInternal Entrepreneurship Activities RadicalCore Type of innovation Adjacent Acceleration Incubation Selection of ventures We put the ‘X’ in NEXT. Founded in 2013 Headquarters in Silicon Valley, Berlin, New York, San Fransisco, Tel Aviv, Korea Active in Digital Technology The NEXT Product group is devoted to creating new software and services businesses and platforms. Teams develop ideas into products, grow products into businesses, and scale businesses with the power to transform the future of software. Their ventures are often driven by a shift in consumer behaviour, a new enabling technology, a new platform reaching critical mass, a new interface becoming intuitive, a new distribution channel being found—amplified by the convergence of many of these scenarios.  #14 Samsung Next Founded by Samsung InvestmentM & A
  • 20. ExternalInternal Entrepreneurship Activities RadicalCore Type of innovation Adjacent Selection of ventures Products crafted from your insights. Founded in 2011 Headquarters in the USA Active in Home Appliances W-Labs seeks to discover unique facets of consumers that lead to new products. They push those products and ideas to fail, so they can learn from mistakes, and fast. It consists of a mighty group of thinkers, tinkerers, and creatives. It’s an e n v i ro n m e n t w h e re t h o s e w h o h a v e a n entrepreneurial spirit can bring their business drive to a startup-like division, even within a global corporation. They do whatever it takes to bring innovative products to life. #15 W-Labs Founded by Whirlpool Incubation M & A Investment Acceleration
  • 21. ExternalInternal Entrepreneurship Activities RadicalCore Type of innovation Adjacent Incubation Selection of ventures We are Heimat for startups. Founded in 2013 Headquarters in Germany Active in Technology Grow is a platform for startups and an open space for entrepreneurs inside of Bosch. They’re focused on radical ideas in order to develop new, sustainable and profitable business in new markets for Bosch. Grow offers access to infrastructure, the connection to the group, as well as shared services. They are financed by Bosch and supported by the Grow platform team from preparation through incubation and scaling, empowering them to transform their ideas into new businesses. #16 Grow Founded by Robert Bosch M & A Investment Acceleration
  • 22. ExternalInternal Entrepreneurship Activities RadicalCore Type of innovation Adjacent Acceleration M & A Incubation Selection of ventures Digital has the potential of transforming the core business of Thales and its customers. Founded in 2017 Headquarters in Paris, France Active in Digital Technology The Digital Factory has been launched to accelerate the digital transformation of Thales and its customers inn five core areas: aerospace, space, ground transportation, defense and security. The aim is not only to create and accelerate new ventures, but also to create a cultural shift within Thales. The Digital Factory is hosted inside Station F in Paris and has around 11 startups that, in most cases, will be handed over to existing business units. #17 Thales Digital Factory Founded by Thales Quentin Reytinas Investment
  • 23. ExternalInternal Entrepreneurship Activities RadicalCore Type of innovation Adjacent Acceleration M & A Incubation Selection of ventures A platform dedicated to nurturing, scaling, and accelerating growth Founded in 2018 Headquarters in Chicago, USA Active in Food and beverages The program was created to turn startups with disruptive products and brands into thriving companies in the food and beverage industry. Companies invited into the incubator program are given a unique opportunity with an abundance of tools and resources to help make their goals a reality. Springboard is looking for authentic brands to partner with as well as startups for their incubator program. #18 Springboard Founded by Kraft Heinz Quentin Reytinas Investment
  • 24. ExternalInternal Entrepreneurship Activities RadicalCore Type of innovation Adjacent Acceleration M & A Incubation Selection of ventures It has always been in our DNA to service tech businesses and content creators. Founded in 2017 Headquarters in Paris, France Active in Digital Technology Naver is a listed Asian-born internet company that owns 80% of the search market in Korea and is the mother company of Line, a Japanese messaging app that has reached the $1 billion revenue landmark in less than 5 years Their digital factory in France is building a community of DOERS ready to share and generate opportunities for each other. Next to helping entrepreneurs move forward they also invest in existing startups. #19 Space Green Founded by Naver Investment
  • 25. ExternalInternal Entrepreneurship Activities RadicalCore Type of innovation Adjacent Acceleration M & A Selection of ventures We must do everything possible to unleash the creative capabilities of Michelin employees." Founded in 2014 Headquarters in France Active in Mobility The Incubator Program Office covers projects linked to three strategic fields (excluding tires): Services and Solutions, Mobility Experiences and High-tech Materials. The role is to detect projects that could support future growth and develop them in a lean fashion. When starting more than 4000 ideas where admitted, many ideas where taken back to the Business Units and others accelerated updates to existing products. And 14 ventures started at the Incubator Program Office. #20 Incubator Program Office  Investment Incubation Founded by Michelin
  • 26. ExternalInternal Entrepreneurship Activities RadicalCore Type of innovation Adjacent Acceleration M & A Incubation Selection of ventures Because we know great ideas can come from everywhere. Founded in 2012 Headquarters in the USA Active in Life sciences Johnson & Johnson Innovation or JLABS is a global network of open innovation ecosystems. They’re enabling and empowering innovators across a broad healthcare spectrum including pharmaceuticals and medical devices. They also focus on consumer and health tech sectors that create and accelerate the delivery of life-saving, life-enhancing solutions to patients around the world.  With 420 startups over six years that have secured $11.6bn in funding Johnson & Johnson is betting big on innovation. #21 J-Labs Founded by Johnson & Johnson Investment
  • 27. ExternalInternal Entrepreneurship Activities RadicalCore Type of innovation Adjacent Acceleration Incubation Selection of ventures 80 percent of Ford X’s investing goes to people and ideas that come from within Ford. Founded in 2018 Headquarters in the USA Active in Mobility Ford X is Ford Mobility’s venture incubator. They unite entrepreneurs, designers and engineers to envision, build and validate new mobility ventures and business models to shape the future of transportation. Although being very open about their process, most things happen behind closed doors. #22 Ford X Founded by Ford InvestmentM & A
  • 28. ExternalInternal Entrepreneurship Activities RadicalCore Type of innovation Adjacent Acceleration Incubation Selection of ventures We develop new solutions that improve the current service of Albert Heijn. Founded in 2018 Headquarters in the Netherlands Active in Groceries Albert Heijn Labs uses the lean startup method to work on new concept and innovation. Most of these initiatives create knowledge that can be brought back to the core of service Albert Heijn. For many projects, the Lab partners up with other businesses such as an Achmea (insurance), Bol.com (online retail) and Samsung (refrigerators). #23 Albert Heijn Labs Founded by Albert Heijn InvestmentM & A
  • 29. Launched in 2014 Headquarters in the UK Active in Consumer Goods Unilever Foundry works with pioneering startups to identify and accelerate partnership opportunities on a global scale, using their creativity and expertise to unleash disruptive innovation. By driving innovation in Unilever’s brands and functions, they are helping to make sustainable living commonplace by establishing more efficient and effective solutions for consumers. #24 The Unilever Foundry ExternalInternal Activities M & A Incubation Investment Selection of ventures Collaborate. Experiment. Pioneer. Founded by Unilever ExternalInternal Entrepreneurship RadicalCore Type of innovation Adjacent Acceleration
  • 30. ExternalInternal Entrepreneurship Activities RadicalCore Type of innovation Adjacent Acceleration M & A Incubation Selection of ventures We are also developing our own prototypes for tomorrow’s financial world.  Founded in 2014 Headquarters in Germany Active in Banking Main Incubator GmbH is a wholly-owned subsidiary of Commerzbank. As a Research & Development Unit Main Incubator deals with future topics and emerging technologies such as blockchain, big data, machine learning, artificial intelligence, biometrics, robotics, virtual reality, cloud, open API, wearables, IoT and quantum computing. By developing their own prototypes Main Incubator is proactively shaping new ventures. Through strategic investments in tech-driven startups Main ncubator makes innovation available for Commerzbank and its customers. #25 Main Incubator Founded by Commerzbank Investment
  • 31. Reach out to me and get the conversation started. Thomas Van Halewyck Co-founder and managing partner at Bundl LINKEDINEMAIL We can help set up your corporate incubator, take it to the next level, or create your newest venture.
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