It is incredibly important for corporations to conduct regular innovation activities: develop new ideas and technologies, test and implement them within their business model, constantly optimize these activities and increase their efficiency. Without all this, the corporation runs the risk of losing its position in the market, losing even loyal customers and, as a result, being out of business.More
Be on the edge of innovation
In order not to lose their competitive advantage, corporations need to be closer to tech startups as sources of innovation. So, the corporation opens up access to relevant and constantly updated information about changes and new technologies used in a specific business niche.
Strengthen market position
Clients give priority to those companies that offer the most modern, comprehensive solutions. The corporation’s awareness of all innovative ideas and solutions helps not only to plan implementation in production, but also to make more accurate marketing forecasts. In addition, the innovative development of the corporation helps to strengthen the trust of current customers and attract new ones.
Interact with new partners
Each new member of the corporate accelerator is an opportunity for a new successful partnership for the corporation. Also, other large corporations can often join as accelerator partners, which will be of great importance for mutual development and exchange of experience with new technological developments and teams of innovators. The accelerator, like a magnet, attracts partners.
Develop corporate innovation
An entrepreneurial culture within a company is an important part of working with innovation. Employees of the corporation who work with startups as part of the acceleration program increase their awareness of new technologies, learn new effective techniques and tools, many of which are then consolidated and used by them in their daily work. Working with start-ups also often motivates line employees to innovative thinking and internal entrepreneurship.
Summing up, I would like to note that corporate acceleration programs can be useful not only for their direct financial benefits in the form of effective implementations, but also become a real engine for new initiatives and increase competitiveness in the market. Do you want to organize your own acceleration program? Write to us and we will tell you about all the intricacies, develop an optimal corporate accelerator plan for you and help you organize it.