Innovation is key to sustained corporate success. Innovative firms grow twice as fast, both in employment and sales, as firms that fail to innovate. However, European companies spend less on innovation than their competitors.
Open Innovation is just one word, but can be many things. From exposure to disruptive technologies to education and digital transformation, from startup acceleration to commercial engagement to startup investments and acquisitions. Not all of these are proven to be effective all the time.
This brief report deep dives into startup-corporate collaboration in FinTech/financial sector and sheds light on what’s really happening behind the curtains. The sector talks notably about innovation need and collaboration with startups. Is it just a talk or is the sector truly walking the walk?