Often corporates do not have the expertise or structural freedoms they need to innovative effectively in-house, so collaboration with entrepreneurs and aspiring scaleups can enable them to experiment with innovation in a low cost low risk way.

Big businesses want to work with smaller, more nimble organisations to become more innovative and look for partners who are open to feedback, are commercially savvy and happy to iterate their products.

“We have seen a growing global trend towards corporate/startup partnerships. These collaborations are often mutually beneficial, helping startups to scale and access to new markets, while helping corporates develop innovative capabilities and competitive advantage.” Janine Hirt, Ecosystem Director, Innovate Finance.