VentureBeat: 60% of companies banked on ‘innovation’ during the pandemic, but will they see results?

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September 24th, 2021

Despite plans to increase their innovation budgets in the midst of the growing COVID-19 innovation push, a majority of businesses are set to see their investments squandered due to their own internal organizational shortcomings, according to new research by Wellspring.

While 60% of respondents reported that their corporate innovation budgets were expected to increase — with many of those polled saying they expected a significant rise in investment — several persistent organizational flaws and cracks are set to undermine this investment surge and result in huge financial waste...

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