As more and more European corporates begin to put down roots in Silicon Valley, it becomes more clear that Europe is seriously looking at the Valley to help them innovate. In this report we’ve tracked 44 large European corporations that have a corporate innovation outpost in Silicon Valley, and numbers are on the rise. Almost 50% of the outposts were established after 2010. More than one third of them have opened in the last 3 years, with many other corporations are lined up to launch their own outpost this year.
The automotive, Telecom, Finance and Energy industries are currently the most interested and active in terms of having eyes and ears in Silicon Valley. These outposts all vary in goal, size and depth of operations. About half of the companies have opted for a lean presence, in the form of either a Corporate Innovation Antenna and/or a Corporate Venture Capital Office.
The other half have chosen a more structured presence either in the form of Corporate Innovation Lab or an R&D Center. Reporting on trends, technology scouting (for investment, acquisition or co-development), startup acceleration, initial production and MVP/prototyping are all key drivers of a presence in the Valley.
With this research work and the directory that is attached to it, we are trying to create a forum that documents and monitors these companies that are ahead of the curve in terms of innovation. We hope to encourage communication and information between these outposts and startups, as well as between outposts and other large corporations hoping to gain understanding on how to create their own outpost.
Initiatives such as Startup Europe Comes to Silicon Valley (SEC2SV) provide a natural platform where information and business opportunities can flow freely across the pond.
This is a work in progress and the continued participation and cooperation of the community is necessary to keep it as up to date and informative as possible.
The following is an attempt to “open source” this effort to the relevant community.