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How to Successfully Partner with Startups to Drive Corporate Innovation

Collective Campus

Wednesday, 12 June 2019 from 6:00 pm to 8:00 pm (AEST)

How to Successfully Partner with Startups to Drive Corp...

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Free 19/06/2019 Free  

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Corporate Innovation is Hard...Real Hard

Most large organizations have been built to deliver on an existing, repeatable business model.

This usually comes at the expense of discovering new business models.

In a fast-changing world, doing what we've always done won't serve us for long.

Unfortunately, changing things take time...a lot of time.

You need to overcome cultural inertia, inhibiting processes, policies and systems, competing priorities, politics and difficult people. This is why meaningful change to support corporate innovation is a marathon, not a sprint. 

Fortunately, there is a faster and better way.


Enter the Startups

Globally, venture capitalists poured about US$340 billion into 30,000 deals last year.

Thanks to exponential technology growth and lower barriers to entry, startups are re-shaping value chains across almost every conceivable industry.

What large organizations lack, startups bring in droves... of upmost importance to innovation, startups bring speed.

But they have challenges of their own. Playing in murky, uncertain waters, 96% of startups fail.

This is precisely why venture capitalists cast a very wide net when prospecting and investing in startups.

In fact, for every 6,000 startups that a venture firm tracks each year, they will meet with 2,000 and invest in....wait for it...20. Not only that, but only 2-4 of the 20 go on to constitute a successful investment. 

Image result for VC investment funnel cbinsights

Challenges for Large Companies 

The high failure rates and due diligence required makes it incredibly time-consuming, expensive and prohibitive for traditional organizations to do properly. Plus, it's not their bread and butter. 

Many companies have launched expensive corporate venture capital (CVC) arms. The cost of just getting off the ground can be upwards of US$1 million in the first year alone. Many CVC arms ultimately invest in undiversified, underperforming portfolios and go on to shut their gates not long after launching. 

Other companies wind up on the other end of the spectrum, under-investing and expecting to find meaningful startup relationships on the back of a simple event listing and a pitch night in their own city, or on an online startup database. Long story short, they don't end up finding value, and such initiatives end up being labeled 'corporate innovation theatre' and do more harm than good, especially when it comes to engaging your best talent.

 

Why Us?

So what qualifies us to talk about this?

In the past three years, we have run successful corporate startup matching programs for:

  • Charter Hall

  • Microsoft and Village Roadshow

  • Bank of New Zealand

  • Charter Hall

  • NTUC Income 

We operate at the intersection of corporate innovation and startups. We know both worlds well, having collectively spent decades in the corporate world, before working with more than 50 large organizations globally with Collective Campus, and incubating almost 100 early-stage startups that have collectively raised US$25 million.

 

Who Should Attend

This event is for corporate executives looking to partner with startups only. 

 

What You Will Learn

  • Startups and corporate innovation: the state of play

  • How startups differ from corporates

  • Benefits of partnering with startups

  • Challenges for large companies

  • Partnership pitfalls to avoid 

  • How to effectively identify and evaluate startups

  • Different engagement methods

  • How to meaningfully work with startups

 

About the Event

Join us for an evening of demystifying what it means to identify and successfully partner with startups to drive corporate innovation. 

Runsheet:

  • 6pm - 6:30: Networking drinks and canapes

  • 6:30-7:30: Presentation and Q&A

  • 7:30-8pm: Networking and close

 

About Collective Campus

Image result for collective campus village

Collective Campus is a corporate innovation and startup accelerator whose mission is to unlock the latent potential of organizations to create more impact in the world.

Since 2014, we have worked with the likes of Microsoft, MetLife, BNP Paribas, National Australia Bank, FWD, Fox Sports and numerous other global brands all over the world. We've also incubated close to 100 startups. 

We're a team of corporate innovators, entrepreneurs, Harvard Business Review contributors, and published authors doing whatever we can to make the working world a little bit better. 


About the Host

The session will be hosted and facilitated by Steve Glaveski, founder of Collective Campus, author of Wiley book, "Employee to Entrepreneur", and Harvard Business Review article, "The Case For The Six-Hour Workday".

Image result for steve glaveski

In the past three years Steve Glaveski has: 

  • Founded Collective Campus,  recognized by the Australian Financial Review their 2018 Fast Starters List as one of Australia’s fastest growing new companies.

  • Founded Lemonade Stand, a children’s entrepreneurship program that has been rolled out to over 1,000 children across four cities and two countries and has, as of writing, been turned into an online platform that’s being piloted by a top-tier private school.

  • Self-published two books and scored a book deal with Wiley for his third effort called Employee to Entrepreneur: How to Earn Your Freedom and Do Work That Matters.

  • Published over 300 episodes of the award-winning Future Squared podcast, which has given him access to awesome conversation with awesome names such as Adam Grant, Kevin Kelly, Jason Fried, Gretchen Rubin and many, many more

  • Co-founded Konkrete, a blockchain-enabled share registry that has raised over $1M


Have questions about How to Successfully Partner with Startups to Drive Corporate Innovation? Contact Collective Campus

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When & Where


Altitude Cowork
G/575 Bourke St
Melbourne, Victoria, VIC 3000
Australia

Wednesday, 12 June 2019 from 6:00 pm to 8:00 pm (AEST)


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Organiser

Collective Campus

Collective Campus, a corporate innovation accelerator that works with large organisations to help them adopt the mindsets, methods and tools required to survive these new realities.

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