Key Learnings from Startup Collaboration

SISP’s VP and Ignite Program Manager, Stina Lantz, talked about why corporates should engage more with startups together with Novartis’ Josefine Envall when she guessed their #BIOME Internal Innovation Tuesdays.

These are her key takeaways from the conversation:

  • Why develop something in-house when there is probably already a startup with a solution for it? Keeping always an eye on what is happening outside your company will make you save both time and money.
  • Startup collaboration enables new business models. These innovative companies are born in a new economy, and large established companies have a lot to learn from them.
  • When entering a partnership with startups you should always keep in mind that these are very young companies. You can’t treat them in the same way you treat your normal vendors.
  • Involving the right stakeholders in an early stage of the development increases the chances of successful roll-outs.

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