Initially, corporate business accelerators appeared as an investment instrument, but today this is far from the only (and sometimes not the main) reason for creating your own acceleration program. Many corporations organizing accelerators do not even apply for stakes in participating startups. Why then do they need it?
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.
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.
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.
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.
The next stop on our technological journey to China is to explore the country’s innovation ecosystem. Here we will not touch on the topic of venture capital investments, as we discussed it in the previous article. However, we will find out the exact number of unicorns in China, their main habitats and study the activities of the Chinese government in the development of innovations.
MoreGoTech Innovation initiates a series of articles delving into the success stories of GoTech Arena international startup contest winners from 2009 to 2019. We aim to track the evolution of startups pre and post winning the contest, exploring their journey to the present day.
MoreA two-week New Year celebration is starting in China, and we at GoTech Innovation decided it was time to take a look at the landscape of investments in the country’s technology companies.
MoreRetail Innovation Tech Alliance (RITA) has completed the sixth selection of startups to implement joint projects with the largest retail and technology corporations in Russia and Kazakhstan.
MoreThere are 3 days left until the end of the selection of startups conducted by Retail Innovation Tech Alliance (RITA).
MoreOctober 20, 2021 Moscow – The Retail Innovation Tech Alliance (RITA) announces the sixth selection of startups to implement joint projects with the largest retail and technology corporations in Russia and Kazakhstan.
MoreOn October 14, the pitch sessions of the finalists of the Finlanding took place. 12 companies presented their projects to the experts of Helsinki Centre, NewCo Helsinki and Helsinki Business Hub.
More2020 was a record year for investments in startups in Finland. 10 years ago, the amount of financing for young companies was 8 times less.
MoreOn September 20, the acceptance of applications for technological projects within the Finlanding program ended. We would like to share its results with you.
MoreFinlanding, a program to support technology companies, continues to accept applications. Representatives of the program organizers – the Helsinki Center in St. Petersburg and the Helsinki Business Hub – talked to Evgenia Barchenko, the chief of operating officer of GoTech Innovation consulting company, about what helps Russian startups to develop in Finland, and how to successfully pass the current selection.
MoreGoTech team has been working with startups for more than 10 years. If you want to run a corporate accelerator, prepare to hold a contest, conference, hackathon, pitch-session or any other event, where it comes to startups and technologies – let’s get acquainted, we will be glad to help.
GoTech is a leader in the field of technology scouting. Our funnel numbers more than 12 000 startups from 50 countries and is constantly updated. Experienced team and international partner network allow finding solutions for corporate tasks and startups for investment in Russia, CIS, Europe, Asia, and Latin America.
We use our own TechScout platform to work with startups. Now it is available for wide use. With the help of TechScout, you will be able to collect applications from startups on your website, manage the pipeline, organize the work of experts and monitor the results of the assessment.
