Why corporates should partner with startups?

The Partners of Ferrier Hodgson and Azurium hosted a Round Table Lunch with various specialists in a number of fields and special guest speaker, Alex Scandurra, CEO of Stone & Chalk. 

Ian chatted to Alex after the event about the key things corporates could be doing, the importance of innovation, how startups drive that mindset in corporates and the challenges that need to be overcome. 

Watch the full discussion here where they talk about:

  • Startups get things done faster, cheaper and better – sometimes corporates need the humility to accept these factors
  • Invention becomes innovation when it becomes useful
  • The obstacles corporates come up against -
    1. you need leadership to drive transformation and innovation from the top
    2. procurement processes are long, they need to be shorter
    3. clear objectives - what does this look like?
  • Coaching startups - they need to be ready for corporates too and need a USP
  • What do you do to start the corporate/startup engagement process?

Fintech Startups and corporate (extended) from Ferrier Hodgson on Vimeo.