Who: Marco Affonseca is Head of Global Innovation at the InsurTech Hub Munich, which drives innovation to an ecosystem of 21 large insurance companies and cross-industry partners, startups, investors, universities, research institutions and governmental entities. Affonseca, a serial entrepreneur, has more than 12 years of experience working with Fortune 500 companies and startups, including leading high-performance teams in complex business projects as well as global innovation initiatives.
Topic: Why some of the world’s largest insurance companies have joined forces and are trying a new approach to open innovation, culture change, and fostering collective know-how.
Quote: “Corporates often have this misconception that open innovation projects should be free with cool office spaces and foosball tables, but actually it is the other way around. Innovation and startup collaboration are most successful when there is a consistent process, with constraints, budget, OKRs [objectives and key results] and with leaders that have been on the front lines of entrepreneurship.“
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