Innovation on an annual budget doesn't work, explains Farron Blanc, an investor and innovation consultant to InsurTechs and eldertech startups. In a conversation with CM Guest Editor Michael Fitzgerald, Blanc contrasts the mindsets of legacy business leaders and growth-driven startup founders and VC investors. He suggests new incentive structures among the fixes for insurers' corporate venture funds and innovation hives, as well as differing tactics for moonshot visions and efficiency plays.

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