A little while ago the CNET news blog published a blogpost about the meaning of the word Innovation. Next to the discussion about the meaning of the word innovation, I found the remark of Ike Nassi from SAP very interesting:

“Ike Nassi, SAP’s executive vice president of research for the Americas and China, said it recently started a venture capital incubator. It solicits ideas from internal employees and external start-ups; and if it’s a good idea, SAP will help form a new business unit, fold the start-up into an existing product line, or spin it out as a new company, he said.” 

I think the initiative from SAP is a good way to innovate. First of all, more ideas will flow into the organization. Secondly, the stimulated entrepreneurship will boost innovation.

Please leave a comment if you know similar intitiatives from other companies.