Corporate Innovation
Noun · Hacker Culture
Definitions
Innovation efforts inside established companies, often involving labs, incubators, internal startups, or special programs meant to produce new products or methods. In culture, the phrase sometimes signals real experimentation and sometimes expensive theater.
In plain English: Innovation efforts inside a larger established company.
Example: "The team became cynical about corporate innovation after watching three strategy decks get funded while the one useful internal tool still could not get a support budget."