Explore the ScaleUp Annual Review 2020

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Corporate Collaboration Checklist

Through our ongoing research into corporate collaboration with Nesta and other partners, we can clearly identify what mechanisms have the greatest impact on effective collaboration with scaling firms. 

Ten Key Dos for Corporate Collaboration: 

  • Create a dedicated Open Innovation Unit with direct reporting to the CEO, CIO or Chief Digital Officer.
  • Run some form of Accelerator or Hub.
  • Implement a fast-track procurement process.
  • Offer co-working spaces.
  • Use competition tools.
  • Share resources for free.
  • Fund proof-of-concept and co-development programmes.
  • Use challenge-based approaches to solve specific problems, more usually framed as a tightly-specified goal rather than a broad area of interest. 
  • Connect businesses with end-user customers to enable them to test, improve and promote their goods and services. 
  • Build internal entrepreneurship schemes into an open innovation process; these include creating spinouts, generating new ideas for exploitation and providing opportunities for talented staff to remain within the organisation.