Incubating Innovation

Mark Payne

As innovation has become virtually synonymous with growth, the urgency to innovate has surged. With that has come equal urgency for companies to develop internal innovation capabilities. Everywhere you look these days, there’s an announcement about another Fortune 500 company launching some form of innovation lab, hub, or incubator. In the U.S. alone, the number of internal innovation incubators has grown from twelve in 1980 to an estimated 7,000 today. Incubating Innovation is one of the major themes in our latest report, Big Entrepreneurship.

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Incubating Innovation from Fahrenheit 212

Author
Mark Payne
President, Head of Idea Development, Fahrenheit 212
Mark Payne
Mark Payne
President, Head of Idea Development, Fahrenheit 212

As Co-Founder and President of leading innovation consultancy Fahrenheit 212, Mark Payne has spearheaded innovation projects that have created over $3 billion in revenue for Fortune 500 companies, entrepreneurial emerging businesses, and private equity firms. As the architect of the firm’s Money + Magic philosophy, its outcome-based business model and its breakthrough Two-Sided Innovation Method of fusing analytical commercial strategy with user-centered creativity, he is both a front line innovator shaping new product pipelines for the world’s great companies, and an industry thought leader.