Research Entrepreneurship Failure

IntroductionInspired by venture capital and, more specifically, Silicon Valley investment models, internal incubation funds are increasingly being used to drive disruptive innovation within organizations. Executives with a responsibility for innovation (such as CIOs, VPs of strategy or enterprise architecture, chief innovation officers or directors of emerging technology) should consider internal incubation funds as a key element in a well-rounded innovation program.A typical internal incubation fund is supported and funded at a corporate level and is open to all employees and, in many instances, external entrepreneurs as well. Employees can submit project proposals within the goals of the program. (For example, Shell's GameChanger program "identifies and nurtures unproven ideas that have the potential to drastically impact the future of energy." Further details on Shell's program can be found in the Case Study section.)The best ideas are funded for further investigation, with the proposers typically involved in the resulting project.Example of Realtime Worlds:Realtime Worlds Ltd. was the largest independent video game developer in Scotland. The company operated from 2002 to 2010, employing over 200 employees. The company was founded by David Jones in early 2002. The popular Grand Theft Auto and Lemmings are some of the games developed