Internet of Things / Open Innovation

Disrupt $500 Billion: French corporate giants seduced by Silicon Valley innovators

From March 24th to March 26th, PRIME hosted 50 decision-makers from 30 corporations. PRIME introduced them to 50 innovative American start-ups and companies. Over the intense three-day event more than 100 companies from the giant multi-billion corporation to the one-year old breakthrough startup engaged in a direct exchange and practice open innovation! The full list of attendees is available here
The group included French corporations, members of the Club Open Innovation, a Paris-based initiative dedicated to fostering business relationships between startups and large corporations and French and US corporations, members of the US Open Innovation Club. The two groups were gathered in San Francisco for three days of meetings and lectures. This event focused on two key sectors :

(1) CRM, Payment, Big data
(2) Connected objects, Robotics

 The event was opened by a speech from Romain Serman, the Consul General of France in San Francisco. The French Consulate strongly supports initiatives aiming at empowering French digital actors and has also taken part in the creation of the US Open Innovation Club. Therefore, he was enthusiastic to see a concrete initiative organized in San Francisco.

network

To prepare this event, PRIME sourced more than 300 start-ups and corporations selected 50 of them based on specific criteria such as maturity and potential partnerships. During the first two days, these 50 start-ups presented their solution and got the opportunity to discuss business opportunities with the attending corporations.

The corporations also attended several lectures over the three days. Navi Radjou was at PRIME office on March, 24th to talk about frugal innovation, he even gave a copy of his book ‘Jugaad Innovation’ to the attendees. Daniel Chatelain, the founder of BayPay Forum, spoke on the following day about payment and the current revolution this sector is going through thanks to start-ups that are leveraging new technologies to make money more liquid. Jean-Louis Gassee also took part in this event to describe how the Silicon Valley has changed over the years and how it has shaped the entrepreneurial ecosystem.

To close this event, PRIME organized a breakfast on March 26th with numerous key players from the Bay area. The participating corporations were able to meet and discuss with investors, serial entrepreneurs and institutional entities while eating some croissants from La Boulange. The breakfast gathered 90 people in total who put into practice transatlantic cooperation.

After these eventful three days, PRIME hopes most of the meetings will lead to concrete projects. Stay tuned!

3 thoughts on “Disrupt $500 Billion: French corporate giants seduced by Silicon Valley innovators

  1. Pingback: Toward a unified network to enable the Internet of Things? |

  2. Pingback: Innovation Prime

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