Since the success of the start-up accelerator model pioneered by Y Combinator in 2005 many large corporates have tried to do the same thing. The logic: corporates can help start-ups scale the future whilst gleaning some of the benefits below for themselves:ABOUT OUR FOUNDERS
Better ideas: Creative and commercially disruptive ideas from beyond BAU.
Speed to market: help internal teams accelerate initiatives.
Maintain pace with the industry: keep up with tech & developments in emerging industries through start-ups.
Buy talented people: In the right circumstances you might want to buy your way in to ‘know how’. Acqui-hire can be quicker that a 6-12-month search and select.
Create an eco-system: For big strategic bets – it can be hard for corporates to create and extract the value on their own. They need smaller ventures to innovate around their vision.
Dedicated focus & energy: It’s the fastest way to access specific, lived, tested, technology and commercial expertise you don’t have.
Live market insight: Sometimes firms take this approach because they want real commercial data. Engaging with startups can help inform decisions to where & how to scale around a market.