Cambridge Innovation Center raises $58 million to grow its coworking hubs globally

Cambridge Innovation Center (CIC), which provides coworking space for startups, has closed a $58 million round of funding from European real estate developer HB Reavis (HBR). CIC campuses are essentially a mix of startups, “corporate innovation spin-outs,” and VC funds, with tenants given access to desks, meeting rooms, labs, and more. A number of notable companies …

Despite mass investment, innovation centers are not making organizations more innovative

  Capgemini's Digital Transformation Institute has today released a new report, "The discipline of innovation: Making sure your innovation center actually makes your organization more innovative," which highlights the prevalence of innovation centers and investigates their value to businesses. The report, which surveyed 1,700 employees at 340 organizations, found that firms are heavily investing in …

Medtronic to Establish Innovation Center in China

Facilitating Clinical Training for Physicians and Advancing Local Healthcare Efficiency in Central and Western China DUBLIN and CHENGDU, Sichuan - October 10, 2017 - Medtronic plc (NYSE:MDT) today announced the groundbreaking of its Chengdu Innovation Center at the Singapore-Sichuan Hi-Tech Innovation Park in Sichuan Province. Set to open in 2020, this center will provide a …

When Innovation Centers Don’t Innovate

It’s easy to understand why enterprises find innovation centers attractive. We operate in economies increasingly defined by rapid change -- by cloud computing, mobility, on-demand culture, platforms, networks effects, machine learning, apps, pervasive connectivity and, above all, digital disruption. Launching an innovation center probably sounds like a good response to all that of firms navigating digital …