Engaging with Startups to Enhance Corporate Innovation

Item Type Journal paper
Abstract When it comes to agility, startups have an edge over large corporations - whereas large corporations sit on resources which startups can only dream of. The combination of entrepreneurial activity with corporate ability seems like a perfect match, but can be elusive to achieve. This article examines how large corporations from the tech industry have begun to tap into entrepreneurial innovation from startups. Prominent examples are used to inductively derive a set of four models commonly used to engage with startups and to describe their characteristics, challenges, and rationales. While corporate equity is the key mechanism behind more established models, newer approaches replace equity with shared technology to connect both worlds with fewer organizational costs and greater speed and agility. We construct a typology of corporate mechanisms to engage with startups that balance speed and agility against control and strategic direction, to map the ways companies can bridge the gap between themselves and the startup world.
Authors Weiblen, Tobias & Chesbrough, Henry W.
Journal or Publication Title California Management Review
Language English
Keywords startup programs, corporate incubation, acceleration, spin-offs, corporate venturing
Subjects business studies
HSG Classification contribution to scientific community
HSG Profile Area SoM - Business Innovation
Refereed Yes
Date 15 March 2015
Publisher Haas School of Business, University of California
Place of Publication Berkeley, Calif.
Volume 57
Number 2
Page Range 66-90
Number of Pages 25
ISSN 0008-1256
ISSN-Digital 2162-8564
Depositing User Dr. Tobias Weiblen
Date Deposited 15 Apr 2015 10:03
Last Modified 21 May 2015 10:40
URI: https://www.alexandria.unisg.ch/publications/240464


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Weiblen, Tobias & Chesbrough, Henry W. (2015) Engaging with Startups to Enhance Corporate Innovation. California Management Review, 57 (2). 66-90. ISSN 0008-1256


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