BMW Group launches UK Innovation Lab 2018

BMW Group launches UK Innovation Lab 2018

18.09.2017: ...for automotive entrepreneurs and intrapreneurs. • Second BMW Innovation Lab expanded

...for automotive entrepreneurs and intrapreneurs.




• Second BMW Innovation Lab expanded to develop external startups and staff creativity.


BMW Group UK has announced the launch of the BMW Innovation Lab 2018. The new programme builds upon the success of the inaugural Lab in 2016, which saw four out of five incubated startups succeed in building ongoing relationships with the company’s UK commercial operations.



The BMW Innovation Lab 2018 will also see the company add a new intrapreneur programme to inspire, shape and realise innovative ideas from the 1,300-strong workforce operating across the BMW Group’s three commercial divisions in the UK – BMW (UK) Ltd, BMW Group Financial Services (GB) Ltd, and business mobility solutions provider, Alphabet (GB) Ltd. The intrapreneur programme will help staff contribute ideas to help deliver new and improved services to customers.



The BMW Innovation Lab entrepreneur programme provides an opportunity for early-stage start-up companies to partner with BMW Group’s UK commercial divisions. The programme is aimed at companies with disruptive business models or new technologies that could benefit BMW customers. Businesses can enter any of four categories:



• Seamless Customer Experience – how startup technology can add value to both the online and in-person retail process.


• Enhancing Business Processes – automating existing operations.


• Access versus Ownership – exploring new business models to give existing and new target customer groups greater access to mobility solutions.


• RegTech Wildcard – new solutions focused around the affordability, compliance and regulatory environments.





Run in partnership with L Marks, a corporate innovation specialist and investment fund, the entrepreneur programme will see successful startups selected to join a structured 10-week course of activities.



Participants will have access to mentorship from the BMW Group’s UK leadership team, a collaborative working environment at the company's UK HQ, access to vehicles and other resources, a business education programme with links to a network of industry experts, and access to investors and fundraising support from L Marks.



Working with TIL Ventures, a specialist at building a culture of corporate innovation, the intrapreneur programme provides a series of workshops and residential courses, at which initial ideas are developed with the help of academics, business mentors and BMW’s own leadership team.



 Eight successful teams will then be selected to embark on a 12-week structured mentoring programme to complete a comprehensive business plan describing how to turn their idea into commercial reality.



While each programme is specific to the challenges of either entrepreneurs or intrapreneurs, both groups will be able to share a common work environment at BMW Group’s office campus in Farnborough and wherever beneficial, all participants will be encouraged to collaborate in problem solving and in sharing their experiences.



Mike Dennett, CEO at BMW Group Financial Services (GB) Ltd, said: “The BMW Innovation Lab was designed to ensure it would have a real and long-lasting effect on our business. By working with the start-ups, it opened our minds to how we can be more agile, how we can be faster to market and how we can think just that little bit differently.



Last year’s cohort is evidence of this. Four of the businesses have a continuing commercial engagement with BMW. That’s good for BMW but it is also a great opportunity for any start-up to secure your first enterprise-scale relationship.



“For 2018 we wanted to improve the model further. Great ideas exist both outside and inside the organisation. The new intrapreneur stream added for 2018 captures the creativity inside BMW Group’s commercial subsidiaries in the UK and provides our employees with a programme to nurture it, helping us to better serve our customers today and tomorrow.”



Stuart Marks, Chairman of L Marks, said: “The BMW Innovation Lab in 2016 was a great example of the tremendous growth and scale a business such as BMW can give to start-up businesses, and of the exciting new solutions the start-ups can offer in turn.



The successes from last year demonstrated the immense value for all parties. We are very excited to again be partnering in running the programme this year on a larger scale and involving the wider BMW business.”



Milan Samani, founding partner of TIL Ventures, said: “It is fantastic to be asked to join such a successful Lab. Building a new programme for intrapreneurs, using our proven TIL methodology, will activate, capture and deliver the innovative ideas which exist inside BMW.



 We are also really excited to explore the impact of running the two streams in parallel. Seeing intrapreneurs and entrepreneurs operating in close proximity should benefit all participants.”



Applications from external entrepreneurs, startups and early stage growth businesses to participate in the BMW Innovation Lab 2018 must be submitted through the website www.bmwinnovationlab.co.uk by 16 October 2017.




Comments from the participants of the BMW Innovation Lab 2016:



Tom Wood, founder of Cazana.com, said: “The BMW Innovation Lab 2016 was a great opportunity to access all areas of BMW Financial Services, understand more about their business and how our big data and systems could help them. It gave us insight into our customers’ requirements and a chance to develop a product that encompasses these needs.



Such insight is crucial in ensuring we can demonstrate value and tackle pain points faced by the industry. Since the lab, we've engaged commercially with BMW to provide our valuation insights and are working to build a long-term legacy from the programme.”



Niall Barton, Co-founder of Wrisk, said: “We weren’t sure of what to expect from a corporate incubator, but the BMW Innovation Lab proved to be an incredibly valuable experience for us. It offers a symbiotic relationship, centred around both parties providing the next generation of innovative, efficient, and digital-first customer experiences.



The benefits are not just restricted to time spent in the Lab. Through the strong working relationship we have formed, we are now working with BMW to transform approaches to car insurance.”



Christer Holloman, CEO of Divido, said: “One of the greatest difficulties of entering the market is getting through the door of a large, global business.



The BMW Innovation Lab 2017 gave us a platform to get access to a major enterprise, as well as a chance to talk directly to key executives to find out what they needed from us. We were able to immerse ourselves in the automotive industry and learn how we can work with businesses of this scale.”



Felix Leuschner, Founder and CEO of Drover, said: “Many incubators simply offer to open doors to stakeholders, or provide a space to develop a proof of concept to go and secure funding. The BMW Innovation Lab is different.



It offers real business outcomes. Working at the 2016 Innovation Lab saw us meet directly with stakeholders, and learn the concerns and needs of our customers. This means we can tailor our offering to the market. Long term, we are excited to continue to build on the legacy of the Lab and work with BMW on new applications.”




About BMW Group UK:



BMW (UK) Ltd.


UK sales, marketing and aftersales subsidiary of BMW AG Established in 1980, BMW Group UK is the sales, marketing and aftersales subsidiary of BMW AG. Headquartered in Farnborough, Hampshire, it is responsible for importing BMW and MINI vehicles and Motorrad motorcycles into the UK and supplying them for sale through its independent Retailer network.



BMW Financial Services (GB) Ltd.



Headquartered in Farnborough, Hampshire BMW Financial Services (GB) Ltd offers a range of options for financing both private and corporate purchases of BMW and MINI vehicles and Motorrad motorcycles, as well as a range of insurance products designed to cover car, home and travel. BMW Financial Services (GB) Ltd also includes ALPHERA Financial Services, which provides multi-make car finance through a network of official dealers and broker partners. In 2016 BMW Financial Services (GB) Ltd was awarded the ‘Investors in People’ - Gold Standard.




Alphabet (GB) Ltd.


Supporting brands such as Panasonic and McDonald’s Restaurants, Alphabet manages a fleet of over 150,000 vehicles in the UK and almost 650,000 vehicles across 19 countries worldwide. Established in 1997, Alphabet is Europe’s leading provider of Business Mobility services. Innovative mobility products, like the Corporate CarSharing solution AlphaCity, are changing the way UK businesses finance, manage and use company cars. Another pioneering service, AlphaElectric, enables organisations and employees to switch on to the benefits of ultra-low and zero emission vehicles. Alphabet’s portfolio of Mobility services comprises a comprehensive suite of vehicle funding solutions and fleet management including: corporate and employee car schemes, commercial vehicles, risk management, vehicle rental, accident management, fleet management and maintenance.



L Marks



L Marks is a corporate innovation specialist and technology investment fund. L Marks builds bridges between large corporates seeking to innovate more quickly with young companies with disruptive technologies, products and services. Founded by serial entrepreneur Stuart Marks, the company has worked with some of the UK’s biggest brands to create start-up partnership programmes that encourage innovation.




TIL Ventures


TIL Ventures creates internal venture accelerators that allow global corporations to innovate into new and unimagined market spaces. Their flagship accelerator, The Intrapreneur Lab, is used by 22 global corporations including Barclays, Phillips and GSK. The Lab is run in collaboration with business schools across the world and has incubated 80 corporate ventures, seen investments of £6.5 million and delivered business outcomes in the tens of millions. Partners of the firm have written papers published in journals such as Harvard Business Review and speak at business schools across the world.




Angela Stangroom- photo BMW

Permanent-URL: http://www.automobilsport.com/bmw-group-uk-innovation-lab-2018---168173.html

18.09.2017 / MaP

Weitere Beiträge

BMW Relentless progress on the road to automated driving.
13.09.2017
Ever increasing driving automation is playing a central role in the major changes taking place in personal mobility. The BMW Group is committed to expanding its development expertise in the field of automated/autonomous driving. Her weiter >>
Goodyear offers quieter winter drive with SoundComfort winter line-up
01.09.2017
Goodyear SoundComfort technology reduces interior car noise levels by up to 50% (- 4 dbA) on average[1].Goodyear introduces its new winter tire line-up with SoundComfort technology. After successfully implementing the noise-reduction technology in its summe weiter >>
Audi - Successful model of dual training
30.08.2017
-  some 800 young people to start at the Audi sites in Germany  Carmaker provides vocational training in 20 occupations in Ingolstadt and Neckarsulm      Dieter Omert, head of vocational training and spec weiter >>
World Solar Challenge - Mit Sonne im Tank und BILSTEIN-Fahrwerk
28.08.2017
Preise für das beste Design haben die Solarrennwagen der Hochschule Bochum bereits mehrfach bei der World Solar Challenge erhalten, die alle zwei Jahre in Australien stattfindet. Doch dank einer langjährigen Partnerschaft mit thyssenkrupp befindet sich auch das technische Niveau auf höchstem Level. weiter >>
Audi uses virtual reality to train Logistics employees
25.08.2017
Virtual training concept teaches packing processes      Game-like approach increases motivation and attention      Pilot phase successfully completed; use implemented in multiple locations weiter >>
Toyota France supports Energy Observer, the world's first hydrogen-powered boat
25.08.2017
Towards a hydrogen society :     Last month, the world’s first hydrogen powered boat set off for a 6-year world tour    The goal is to be the first boat capable of producing its own hydro weiter >>
Audi models with a solar roof
23.08.2017
- Car manufacturer cooperates with Hanergy  Audi and Alta Devices, subsidiary of Hanergy, integrate thin-film solar cells into panoramic glass roofs      Board of Management Member for Procurement Dr. Bernd Martens: weiter >>
Morpheus Cup 2018 in Paris
17.08.2017
Paris to host the fourth edition of the European Universities & Graduate Schools championship, the Morpheus Cup, in 2018It is now official : the most important challenge for European students will take place in the French capital on April 12th, 2018 at Pala weiter >>
Fiat Chrysler Automobiles to Join BMW Group, Intel and Mobileye
17.08.2017
.... in Developing Autonomous Driving Platform    BMW Group, Intel Corporation, Mobileye, an Intel company, and Fiat Chrysler Automobiles (FCA) signed a memorandum of understanding for FCA to join them in developing a world leading, state-of-th weiter >>
Formula SAE: Politecnico di Milano's Dynamis PRC Team is the best among Italian Universities
01.08.2017
 Not only professional-level motorsport for Hexathron Racing Systems: this year, the italian engineering company supports the Dynamis PRC team from Politecnico di Milano, that deployed the new DP9 race car in Varano de’ Melegari last weekend. The event – weiter >>
Williams Advanced Engineering Brings Motorsport Technology to Brompton Electric
31.07.2017
Having had four and even six wheel racers in its famous history, Williams has now lent its technology to two wheels as part of Williams Advanced Engineering’s latest project, the Brompton Electric. Brompton, manufacturer of the iconic folding bike, today launched its latest product that draws on Williams Advanced Engineering’s know-how in batteries, elec weiter >>
Innovation fireworks during the Audi IT Hackathon
21.07.2017
Audi employees develop ideas for tomorrow’s business models      More than 100 participants in the third Audi IT Hackathon  Creative Audi employees developed practical software prototypes for tomorrow’s b weiter >>
Audi is researching the use of time in the robot car
17.07.2017
Cooperation with Fraunhofer Institute experts on human-machine interaction      Laboratory experiment in a futuristic driving simulator      “25th Hour”: an Audi project to define the premium mobility of the future  weiter >>
Research project for an emission-free solar-powered racing car at RWTH Aachen University
13.07.2017
Porsche assists German team in the toughest race for solar-powered vehiclesThe “Sonnenwagen” team from RWTH Aachen University is the only German team this year to be taking part in the “Challenger Class” in the toughest r weiter >>
First Audi Summit in Barcelona: world premieres underscore the Four Ring’s Vorsprung
11.07.2017
New top model Audi A8 is the star of a major brand event in Barcelona      Audi AI: artificial intelligence enriches products and services      Audi CEO Stadler: “Vorsprung is our promise.&rdq weiter >>
Mercedes-Benz Vans: milestone in key technology
10.07.2017
Mercedes-Benz Düsseldorf plant to become competence centre for Sprinter with electric driveThe Mercedes-Benz plant in Düsseldorf is making intensive preparations for the market launch of the next-generation of the Sprinter. The company managemen weiter >>
Groupe Renault and Sanef announce their cooperation
10.07.2017
....in the development of advanced solutions for autonomous vehicles•    By connecting an autonomous car to the infrastructure (V2X), Groupe Renault and Sanef move closer towards the zero fatal weiter >>
Porsche Digital, Inc. opens location in Silicon Valley
05.05.2017
Porsche is taking the next step in its digitalization campaign: By opening a new site in Santa Clara, in California's Silicon Valley, Porsche Digital, Inc. is beginning its activities in one of the world’s most important centers of innovation and digital leadership. weiter >>
Elon Musk’s tunnel plans for faster travel - video
03.05.2017
weiter >>
BMW Group relying on innovation capabilities
03.05.2017
...of German production locations for electro-mobility expansion - BMW Group Plant Dingolfing to produce BMW iNEXT from 2021- Plants will be able to build vehicles with combustion engine, plug-in hybrid or fully electric dri weiter >>
Toyota Brennstoffzellen zur stationären Stromerzeugung
27.04.2017
Hochtemperatur Brennstoffzelle und Gasturbine produzieren Energie für Motomachi Werk    Zweistufiges Hybridsystem mit Kraft-Wärme-Kopplung    Senkung der CO2-Emissionen in der Automobilproduktion weiter >>
Toyota testet Zukunft des Güter- und Frachtverkehrs
25.04.2017
Klimafreundlichen Brennstoffzellenantrieb für schwere Lkw vorgestellt    Konzeptfahrzeug entwickelt mehr als 670 PS und fast 1.800 Nm Drehmoment    Keinerlei Schadstoffausstoß, nur Wasserda weiter >>
Technology Advancements in Cars Since the Millennium
20.04.2017
Technology has come on leaps and bounds since the turn of the millennium and this has transformed dozens of industries. None more so than the automotive industry, as the technological advancements have resulted in cars which are much more fun, comfortable, efficient and safe to drive.  So, what are the key adva weiter >>
Toll4Europe GmbH commences business
13.04.2017
The joint venture company for Europe-wide toll settlement using only one box starts upphoto caption:  Looking forward to a successful cooperation: (from left) Jürgen Steinmeyer (DKV), Mirka Dworschak (T-Systems International), Tom Schneider (Daimler). (Photo: weiter >>
QUANTiNO electric car drives 1,000 km in 8:21 hours
11.04.2017
Faster? More ecological? No electric car drives 1,000 km in 8:21 hours! Yes, it does! If its name is QUANTiNO and it runs on a fuel cell.It's an early evening in late December when representatives of the nanoFlowcell development department meet in weiter >>
Renault explores the future of racing and technology with its new R.S. 2027 Vision concept car
06.04.2017
 •    The first of Renault’s latest cycle of concept cars – which foreshadow the brand’s upcoming road cars – was the Renault TREZOR.•&n weiter >>
New Audi A8: Space Frame with a unique mix of materials
05.04.2017
Luxury sedan living up to its reputation as an innovation driver in lightweight design      Comfortable entry and improved view thanks to roller hemming      Extraordinary torsional rigidity deliv weiter >>
BMW i Ventures Announces Investment in Bus.com
05.04.2017
BMW i Ventures has announced an investment in Bus.com, formerly ShareTheBus, an emerging startup that removes the complexity of renting a bus and coordinating group transportation anywhere in the US and Canada, and is set on revitalizing the o weiter >>
CSI Martorell: a car’s DNA
30.03.2017
An electron microscope which can be found in the most advanced research centres in the world and in police series. This is the equipment used in SEAT’s Quality department to certify the quality and durability of materials. The foll weiter >>

© 2001-2017 automobilsport.com full copyright automobilsport.com