Corporate Accelerator
Adaption of this strategy is to future-proof the business, find disruptive solutions to traditional challenges, and to maintain a competitive edge.
These collaborations take many shapes, from licensing technologies to co-developing new solutions. However, the solutions need to be tweaked, before corporate can adopt or take to its customers as a joint offering. Accelerator programs offer that window to both, for clear understanding and unambiguous adoption.
Few reasons why corporates are handshaking with startups
Access to cutting-edge technologies
Increased agility in product development
Test new business models
Explore Horizon 3 ideas
Generate new revenue streams
Access to expert knowledge outside of your company’s core competencies
Passionate start-up team - attract talent and overcome motivation issues
Lower investment in comparison to in-house development
Open2Innovation and Startup Board’s flagship accelerator program The Boardroom takes away the pain in bespoke conceptualization, conversion of vision into execution and monitoring over the period of the program. Accelerator program helps the corporate with economic benefits by possibly integrating innovative technologies or business models into the organization. Program structure may include
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