Corporate Innovation Hubs: Fostering Intrapreneurship and New Ventures                                                      

Njeri Otieno J.

Faculty of Business and Management Kampala International University Uganda

ABSTRACT

Corporate Innovation Hubs (CIHs) have emerged as vital mechanisms for fostering intrapreneurship and developing new ventures within large, established organizations. This paper explores the role and significance of CIHs in enabling corporate entrepreneurship by creating internal ecosystems that emulate the flexibility and dynamism of startups. By examining the evolution of intrapreneurship, the functions of CIHs, and the challenges and benefits of integrating these hubs within corporate structures, the study highlights best practices for successfully managing innovation hubs. Additionally, case studies, including Bayer’s G4A program, provide real-world insights into how CIHs contribute to sustained innovation, competitive advantage, and economic growth. The findings underscore the importance of strategic alignment, organizational culture, and leadership in ensuring the success of CIHs in driving corporate innovation.

Keywords: Corporate Innovation Hubs (CIHs), Intrapreneurship, Corporate Entrepreneurship, Innovation Ecosystems, New Ventures.

CITATION: Njeri Otieno J. Corporate Innovation Hubs: Fostering Intrapreneurship and New Ventures. Research Output Journal of Arts and Management, 2024 3(3):24-28.