Boosting passion for innovation and new business at Bosch
by Dr. André Hedler, Vice President “Home of Innovation and Start-ups” @ Bosch Automotive Electronics
Can you imagine being an intrapreneur within a tech giant full of 130 years incredible history? After many years of experience we know the little secrets and pitfalls on how to innovate and to create market leaders. We spark enthusiasm for new things and embrace change, we lead Bosch.
2. Invented for life
since 1886
402,166 associates,
thereof 64,409 in R&D
Figures as
of 12.2017
60 countries, 440 regional subsidiaries,
280 manufacturing sites, 125 engineering locations
78.1 billion euros in sales (thereof 52% in Europe),
R&D invest over the past 5 years of >30 billion euros
Mobility Solutions (61% of sales), Industrial Technology,
Energy and Building Technology, Consumer Goods
www.wearebosch.com
6. Global scouting team w/ push & pull
One foot on the ground and “test balloons”
Balanced innovation strategy w/ exploit & explore
Compete with Exploit
Source: Volocopter, Sept.2017
URBAN AIR MOBILITY
Drive new topics against internal resistances
“DAVINCI” nominated @CSS 2018 as “THE BEST CORPORATE STARTUP”
7. Turn Passion into Involvement
Business angels
from top management
Self-aligned & cross-
functional team staffing
Our role conflict:
enabler, mentor & challenger
8. Collaborate Efficiently
Get rid of constraining internal enterprise processes
Benefit from existing expertise, no NIH attitude
Protect lean startups against business planning
Cross-regional and cross-divisional teams
SMART AGRICULTURE
9. Gain Commitment
ADVANCED BATTERY
MANAGEMENT
FOR CE DEVICES
Early financial buy-in of potential int. & ext. partners
Establish internal “positive apostles”
Contract co-funding from pilot customers
Protect team resources and make
dept. heads part of success story
10. Keep running with Pivots
Customer needs first, technology only enabler
Convince investors from pivot
Consider pivoting as basic success factor
Collect learnings and recognize stop signs
SMART BATTERY SWITCH
11. Close Appreciatively
Stopping is our biggest challenge!
Start-up specific decision
Pivot, or stop & learn
Portfolio driven decision
Appreciate and return associates
POWERTRAIN FOR
WHEELCHAIRS
12. Support the Transfer
Think early of a potential transfer unit
or effort to start a new business entity
Guarantee empowerment after transfer
Transfer of team members
Maturity at transfer milestone
Post transfer support
CES 2017
13. Hold the Portfolio Competitive
Automotive, LeM, CE, IoT
Semiconductor Components
ECUs and Sensor Devices
Systems and Solutions
Software, IP
SENSOR
INTEGRATION
14. Let’s explore new worlds together…
6th Pitch Night
Innovation Campaign
Q1.2019
Partners Welcome!