Europe’s 25 Corporate Startup Stars winner offers a well-structured way of creating cost-effective products
Start-ups are well integrated into professional services company Accenture’s business thanks to its five-phase open innovation funnelling process. In parallel, the organisation’s Fintech Innovation Lab accelerator provides 15 start-ups with 30 desks over three months, with mentorship from senior in-house executives and banking professionals.
A key impact of the Lab has been the way it has led Accenture’s Open Innovation Team to engage more with blockchain start-ups.
Accenture’s work with early-stage companies has enabled it to identify the kind of cost-effective and easy-to-implement solutions customers are looking for from new suppliers. Its Consumer Innovation Awards – for start-ups operating in the retail and consumer spaces – has also helped it to bring in new talent.
Image courtesy of SVC2UK CEO Summit 2015.
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 644104.