High Alpha Innovation works with established enterprises to produce breakthrough innovation through startup creation
INDIANAPOLIS (May 21, 2020) – High Alpha, a leading venture studio, today announced the launch of High Alpha Innovation, a new company that helps leading organizations innovate through the co-creation and scaling of startups.
After pioneering the venture studio model, which combines systematic company building and venture funding, High Alpha is now launching High Alpha Innovation to bring the advantages of the venture studio model to large organizations. Since its founding in 2015, High Alpha has launched and funded dozens of enterprise software companies. High Alpha Innovation will help scaled enterprises deploy a similar model to navigate digital transformation through startup formation and investment.
High Alpha began collaborating in earnest with corporate partners in 2018. Since then, the company has worked with many market-leading, global brands to co-create new ventures, including Silicon Valley Bank, Cummins and Allegion. Interest from corporations in the work has accelerated, leading High Alpha to seek to capitalize on this market opportunity while further expanding their leadership in the venture studio industry.
“High Alpha Innovation is taking our venture studio playbook and applying it to innovation challenges within the world’s largest organizations,” said Mike Fitzgerald, Partner at High Alpha. “This is a major expansion opportunity for High Alpha as we serve our corporate partners and look to scale the studio model across different industries and geographies.”
“For over 35 years, Silicon Valley Bank has supported the innovators and entrepreneurs that invent the future,” said Melody Dippold, Head of Innovation at Silicon Valley Bank. “High Alpha Innovation has been an important partner as we develop new ideas, solutions and companies together that will help our clients accelerate their own growth and innovation.”
The new firm is led by Elliott Parker who joined High Alpha as Managing Director of Business Design and Corporate Innovation in May of 2018. Prior to High Alpha, Parker served as a Principal at Innosight, a strategy consulting firm founded by the late Harvard Business School professor and best-selling author Clayton Christensen.
“Every innovation leader and executive I meet is trying to figure out how to work with venture studios or launch their own corporate studio,” said Parker, the CEO of High Alpha Innovation. “We believe the venture studio is an ideal model for overcoming the ‘Innovator’s Dilemma’ and helping companies increase the quality and quantity of their innovation efforts through startup formation. Over the last two decades, we’ve seen an explosion of corporate venture capital investing. We expect a similar trend over the next decade with corporate venture studios and believe we’re uniquely positioned to help.”
The company launched out of High Alpha Studio in May 2020 and plans to grow the initial team significantly in 2020. For more information about High Alpha Innovation and to learn about opportunities to partner on innovation challenges, visit highalphainno.com.
About High Alpha
High Alpha, based in Indianapolis, Indiana, is a leading venture studio focused on conceiving, launching and scaling next-generation enterprise cloud companies. For more information: highalpha.com or on Twitter at @highalpha.
About High Alpha Innovation
High Alpha Innovation partners with leading organizations to drive innovation through startup creation. Born out of top venture studio High Alpha, the team works to help partners achieve tangible innovation results through High Alpha’s venture studio playbook. For more information: highalphainno.com or on Twitter at @HAinnovation.