Enabling Collaboration: innovative start-ups and established companies
Enabling Collaboration: Innovative start-ups and established companies join forces to create positive impact.
Society calls for new solutions to tackle existing challenges. Start ups develop innovative solutions but often struggle to set foot on the ground or lack resources to scale their ideas. Big corporates realise the limits of old structures but reinventing from inside is difficult for them.
Imagine the potential to solve challenges for both players and the impact for society, if they work together.
Impact Hub Vienna, New Venture Scouting, Institute for Strategic Management (WU Vienna) and the Investment Ready Program cordially invite you to join the event that aims to:
- elaborate on successful collaboration strategies of international corporations,
- show the business case for corporate and (social) start-up partnerships,
- enable connections between start ups and corporates and to host a conversation on eye level.
We want to open the stage for passionate founders and innovative companies that want to turn social and environmental challenges into markets, innovation and talent retention.
NVS, showing the business case for corporate start-up partnerships:
“Yes. We are convinced that collaboration is key to fostering innovation and that particularly collaboration between established companies and startups yields positive returns for both. Yet, the process of facilitating and enabling those kind of win-win partnerships requires quite some acrobatic skills: balancing different interests, walking a tightrope towards the common goal and, most importantly, having a firm understanding of both these individual interests and common goals. We will look at how this acrobatic process can be managed from the corporate perspective and introduce business cases and models of successful cooperation.”
New Venture Scouting was founded in spring 2013 by Business Angel Werner Wutscher with the goal of bridging the gap between established corporations and startups. Building on our long-standing experience in corporate, startup, not-for-profit, and public service organizations, we are dedicated to building bridges for mutual benefit.
Ferry Habasche, Institute for Strategic Management (WU Vienna), presenting field tested collaborations strategies from a start-up perspective:
“I’ve spent the last 3 years researching and exploring the reasons and main drivers why and how firms cooperate with start-ups and entrepreneurial companies. I’ve discovered that especially big companies do not necessarily cooperate with the start-ups that have the best ideas and products but with those that meet certain key features and characteristics. That is owed to the fact that special tools are used by managers to select the “best” partners. Clearly, by making small changes in the way start-ups approach corporate partners, communicate their ideas, and frame their proposals, success rates can be significantly improved.”
Ferry Habasche works as Teaching and Research Associate at the Institute for Strategic Management focusing on Strategic Alliances, he teaches undergraduate and graduate programs. Moreover he holds several teaching assignments at different universities of applied sciences and coaches start-ups. Ferry co-founded SecureBeam together with Martin Vasko.