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An independent Co-Creation board set up by a corporation and entrepreneurs, composed of innovation, software and business experts alongside board-level representatives from the corporation and external entrepreneurs.
Co-Creation boards can be responsible for overseeing a number of new innovative companies in conjunction with an internal corporate team, a group of entrepreneurs leading the innovations and an external entrepreneurial team responsible for spearheading the digital innovation efforts.
The Co-Creation board also carries out and evaluates technical feasibilities, marketability, long-term growth and sustainability analysis. Such analyses help the board in decision making whether or not an innovation should be built or not.
This model is applicable for large corporations with sufficient resources to fund such a board that requires long-term effort to bring any innovation to fruition.
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