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PA - C8 - MIE566 : Startup and large companies : building a bridge for innovation

Descriptif

Introduction

The last decade has seen an important increase in the number of initiatives launched by large companies to attempt collaborating with startups. To illustrate this open innovation trend, between 2013 and 2019, there was a 32 percent year-on-year growth in corporate venture capital (CVC) investments (McKinsey, 2021). Other initiatives include corporate accelerators and scouting units, among others.

These initiatives can be beneficial for startups as well as large companies. Such partnership strategy can be important for startups as it can help them gain market access while large companies can benefit from accessing new technologies. Yet many of these initiatives have failed to generate the innovation they had promised (BCG, 2019; Decreton et al., 2021; Sifted, 2020).

Given the prevalence of these initiatives, you will likely be confronted with them in your professional life, from the startup side and/or the large company side.  

This course is intended to equip you with the tools and frameworks to build effective bridges between startups and large companies and ensure that the potential of such collaborations is realized.

Questions that we will cover include:

  • What is open innovation? Why do large companies and startups need to collaborate?
  • What are the different types of collaborations between startups and large companies?
  • What are the benefits and drawbacks of these different types of collaborations for startups and large companies?
  • How can large companies design innovation units effectively?
  • What do startups need to pay attention to when engaging with large companies?
  • How can public policy facilitate the emergence of ecosystems in which startups and large companies collaborate?
  • How can open innovation help create a more sustainable future?

Sessions in this course will include a mix of short lectures, case studies, and guest lectures by corporate managers and entrepreneurs.

Assessment

The assessment will be based on individual participation, group presentations and written reports.

 

References

BCG (2019). After the Honeymoon Ends: Making Corporate-Startup Relationships Work. The Boston Consulting Group. Accessed June, 06, 2022 at https://www.bcg.com/publications/2019/corporate-startup-relationships-work-after-honeymoon-ends.

Decreton, B., Monteiro, F., Frangos, J. M., & Friedman, L. (2021). Innovation Outposts in Entrepreneurial Ecosystems: How to Make Them More Successful. California Management Review, 63(3), 94-117.

McKinsey & Company. (2021). Collaborations between corporates and start-ups. Accessed June, 06, 2022 at https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/collaborations-between-corporates-and-start-ups.

Sifted (2020). This is why corporate accelerators fail. Accessed Accessed June, 06, 2022 at https://sifted.eu/articles/why-corporate-accelerators-fail.

Format des notes

Numérique sur 20

Littérale/grade réduit

Pour les étudiants du diplôme Economics, Data Analytics and Corporate Finance

Le rattrapage est autorisé (Note de rattrapage conservée)
    L'UE est acquise si note finale transposée >= C
    • Crédits ECTS acquis : 3 ECTS

    La note obtenue rentre dans le calcul de votre GPA.

    Pour les étudiants du diplôme Artificial Intelligence and Advanced Visual Computing

    Le rattrapage est autorisé (Note de rattrapage conservée)
      L'UE est acquise si note finale transposée >= C
      • Crédits ECTS acquis : 3 ECTS

      La note obtenue rentre dans le calcul de votre GPA.

      Pour les étudiants du diplôme Energy Environment : Science Technology & Management

      Le rattrapage est autorisé (Note de rattrapage conservée)
        L'UE est acquise si note finale transposée >= C
        • Crédits ECTS acquis : 3 ECTS

        La note obtenue rentre dans le calcul de votre GPA.

        Pour les étudiants du diplôme Environmental Engineering and Sustainability Management

        Le rattrapage est autorisé (Note de rattrapage conservée)
          L'UE est acquise si note finale transposée >= C
          • Crédits ECTS acquis : 3 ECTS

          La note obtenue rentre dans le calcul de votre GPA.

          Pour les étudiants du diplôme Cybersecurity : Threats and Defenses

          Le rattrapage est autorisé (Note de rattrapage conservée)
            L'UE est acquise si note finale transposée >= C
            • Crédits ECTS acquis : 3 ECTS

            La note obtenue rentre dans le calcul de votre GPA.

            Pour les étudiants du diplôme Internet of Things : Innovation and Management Program (IoT)

            Le rattrapage est autorisé (Note de rattrapage conservée)
              L'UE est acquise si note finale transposée >= C
              • Crédits ECTS acquis : 3 ECTS

              La note obtenue rentre dans le calcul de votre GPA.

              Pour les étudiants du diplôme Data Science for Business

              Le rattrapage est autorisé (Note de rattrapage conservée)
                L'UE est acquise si note finale transposée >= C
                • Crédits ECTS acquis : 3 ECTS

                La note obtenue rentre dans le calcul de votre GPA.

                Pour les étudiants du diplôme Economics for Smart Cities and Climate Policy

                Le rattrapage est autorisé (Note de rattrapage conservée)
                  L'UE est acquise si note finale transposée >= C
                  • Crédits ECTS acquis : 3 ECTS

                  La note obtenue rentre dans le calcul de votre GPA.

                  Programme détaillé

                  References
                  BCG (2019). After the Honeymoon Ends: Making Corporate-Startup Relationships Work. The Boston
                  Consulting Group. Accessed June, 06, 2022 at https://www.bcg.com/publications/2019/corporatestartup-relationships-work-after-honeymoon-ends.
                  Decreton, B., Monteiro, F., Frangos, J. M., & Friedman, L. (2021). Innovation Outposts in
                  Entrepreneurial Ecosystems: How to Make Them More Successful. California Management
                  Review, 63(3), 94-117.
                  McKinsey & Company. (2021). Collaborations between corporates and start-ups. Accessed June, 06,
                  2022 at https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/ourinsights/collaborations-between-corporates-and-start-ups.
                  Sifted (2020). This is why corporate accelerators fail. Accessed Accessed June, 06, 2022 at
                  https://sifted.eu/articles/why-corporate-accelerators-fail.

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