Since the introduction of open innovation developed by Chestbrough, many corporations have been adopting open innovation strategies to improve their innovation process efficiency by leveraging external talent. Startups and corporates bring each other immense opportunities through collaborations that, if harnessed correctly, create win–win situations for both parties. However, successfully implementing open innovation is not
Digital disruption in the healthcare sector is occurring at an unprecedented rate through the discovery, invention and revolutionisation of innovative solutions to approach global healthcare. Medical and pharmaceutical companies, such as Astellas Pharma, are at the forefront of such change. Their collaboration with startups has engendered a limitless potential within the HealthTech industry waiting to
Organised by Enterprise Singapore in collaboration with Agorize, SLINGSHOT 2020, one of Asia’s largest startup competitions has now officially come to a close. With over 7,500 applicants participating worldwide, SLINGSHOT 2020 offered global startups the opportunity to showcase their solutions and products to global investors and industry leaders. Nextbillion.ai, an AI-powered hyperlocal solutions startup
Hot off last year’s success, “AWS Hackdays Online 2020: Build Tomorrow!” drove over 2,300 participants with 4 new ASEAN participating countries including Brunei, Cambodia, Myanmar and Pakistan. Participants were encouraged to bring digital solutions to tackle challenges in the fields of Sustainability, Learning and Development, Automation and Security in Southeast Asia. The application phase
Powered by digitalisation, entrepreneurial spirit and the agility to pivot swiftly, startups are seen as potential partners for corporations across all sectors to engage. For innovative initiatives in particular, more corporations find it far more valuable to leverage the innovative technology that startups have developed through mutually beneficial engagement models. Yet in all of these
Here’s a brutal truth about corporate-startup engagement: A study conducted by 500 Startups and INSEAD has shown that 68% of the top 100 Forbes Global 500 companies are constantly engaging with startups. Corporate-startup engagement (CSE), in one form or another, is a hot topic. However, with terms like incubator, accelerator, open innovation, hackathons and corporate
First thing first: take a look at the Fortune 500 companies in 1955 v. 2017: only 60 firms (12%) that made the list in 1955 are still on the list in 2017. 88% of the companies have either merged (or were acquired by) another organization, gone bankrupt, or still exist but have fallen from the
Not all startups are alike. And they don’t all operate in the same way. But nonetheless, there are a number of common denominators that most of them share. We ought to know here at Agorize. After all, we’re a startup ourselves, and we work with big companies, helping them to collaborate with other startup businesses.
Agorize comes from “Agora” and “Rise” and empowers companies and people from all over the world through Open innovation Challenges.
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