Why Most Corporate Innovation Programs Fail — and How to Fix Them

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Hi, I’m Dima, the founder of PitchBob — an AI idea management tool for corporate innovation. One of the areas I’ve chosen to focus on for product development is corporate innovation because I see significant untapped potential there. In this article, I’d like to share my perspective on the reasons why internal entrepreneurship programs fail and how to fix them.

Every corporation holds immense untapped innovation potential within its employees’ knowledge, experience and motivation. While many companies recognize this and implement programs like idea portals, incubators, hackathons and leadership training, these initiatives typically engage only about 5% of employees.

Why just 5%?

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