The expanded programs and global corporate partnerships will be led by new CEO, Jay Krishnan, and incoming Director of Corporate Innovation, Karl Allen-Muncey, with the aim of accelerating startup success and fostering disruptive innovation in the industry.
October 19, 2021 – Waterloo, ON – Imagine a business accelerator program that connects the world’s most ambitious innovators and the world’s largest corporations with the aim of solving some of the world’s largest problems. That is the vision the Accelerator Centre (AC) has shared today as they announce their intention to significantly expand their current corporate innovation programming under the leadership of new CEO, Jay Krishnan, and incoming Director of Corporate Innovation, Karl Allen-Muncey.
Corporate innovation programs, including a variety of models such as open innovation, external accelerators, and outpost programs are well known to be a path to accelerated success for entrepreneurs. Through their expanded offerings, the AC intends to combine their signature, high impact programming and deep international partnerships to build a suite of cross-sector corporate innovation offerings.
Access to corporates and the ability to embed startups in industry is key to a thriving innovation economy,” says Krishnan. “To achieve our vision and help startups impact global change with their businesses, we’re going beyond the approach of co-location and demo days to create corporate accelerator programs that are truly transformative partnerships between startups, industry, and the AC.”
Incoming Director of Corporate Innovation, Karl Allen-Muncey, joins the AC after successfully leading innovation programs with the City of Halifax and the City of Kitchener as well as Postmedia’s Innovation Outpost. Allen-Muncey will spearhead partnership development for the corporate innovation expansion and will work with Krishnan and Director of Programs and Client Experience, Leanne Armstrong, to create immersive experiences that increase momentum and drive innovation on a global scale.
We know that connecting with corporates can be a huge roadblock for our founders,” says Armstrong. “Our new offerings will reduce barriers and result in new innovations being rapidly adopted and applied to the some of the worlds biggest challenges.“
“The AC has a bold vision for the future of innovation in Waterloo and beyond,” says Allen-Muncey. “I’m excited to join the team and be a part of the AC’s corporate innovation expansion - to further connect startups to industry, as well as add tangible value, and create meaningful opportunities for companies that assist in removing the barriers associated with corporate innovation.”
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