Still a startup
The goal is not for a corporate to take over a group of smart, young talents but rather create less of a barrier to create the impact we all seek. The teams will run the YSI innovation program like all the other teams, the exception being that they will work on specific areas during the program, as well as having help from YARA who's expertise and knowledge will help speed up on weaknesses that young startups otherwise would have had.
The YSI innovation program takes 8 teams through a 5-month innovation program, where the teams will create new solutions from scratch. This will not change, however, we realize that young driven people working with established experts could create a balance of innovation that is rarely touched upon.
We believe in this approach
One of our core beliefs in YSI has always been that entrepreneurship and innovation could be part of solving our biggest challenges, that youth should be a driving force, and combined with the established and experienced we can actually make this happen.
We have previously written a blog post about the weakness of youth (and their strength). We hope and believe that this approach where a corporate with great intentions together with a team assembled of some of the smartest young people on earth, will be a great fit to solve problems while making a business.