UTS Business School and Australian venture technology company, BlueChilli X, have just announced a three-year partnership that will see them helping students and executive education clients develop startup-esque innovation skills.
The corporate unit of Blue Chilli will collaborate on programmes for the Business School’s executive education clients, while also providing business acceleration expertise when required. In return, UTS will share academic research with BlueChilli X.
“Innovative business solutions are highly dependent on disruptive thinking yet corporates are often bound by rigid, business-as-usual mindsets that sideline creative corporate entrepreneurs,” the chief executive of BlueChilli X, Steve Dunn, said in the media release.
“Together, our focus will be on creating business agility by delivering programs that ’teach’ and ‘do’ in parallel, thereby equipping corporates with the capabilities to seek and rapidly convert innovative business opportunities.”
Founded by Sydney-based entrepreneur Sebastien Eckersley-Maslin in 2010, BlueChilli began as a startup incubator and accelerator. BlueChilli X, a spin-off from the original model, became a corporate accelerator in 2013.
Speaking about the partnership, UTS Business School’s Director of Strategic Partnerships, Gauri Bhalla, said Dunn’s experience as a corporate intrapreneur and Eckersley-Maslin’s startup expertise makes a “powerful combination” with the school’s rigorous corporate learning background.
Executive education will be the initial focus but the partners plan on nurturing the partnership further – which may see them offering special student access to programmes and internships and the development of new models of intrapreneurship using UTS research.
“The initial focus will be on intrapreneurship and capability building inside large organisations. We’ll work together on helping client partners accelerate their business innovation. Clients will get rigorous capability building from UTS, and BCX will lead us through the execution,” Bhalla said in the media release.
First trial projects are currently in the making, including one with Commonwealth Bank of Australia, who has signed a three-year contract with UTS Business School to provide training and development to 6,000 staff.
Featured image: Steve Dunn