External startup accelerator.
A 3-month program for identifying startups relevant to your business and accelerating their growth.
Step into the startup ecosystem
An external startup accelerator is a structured acceleration program, initiated by a large corporation, in which external startup teams are invited to co-develop their business concepts with support and coaching from the accelerator.
This is different from an internal accelerator, where the corporation accelerates its own employees’ internal projects. An external accelerator collaborates with external sources of innovation (such as open innovation, startups, and entrepreneurs).
The benefit of an external accelerator is to give your organization the opportunity to reach out to fresh talent who are trying to disrupt your own business. It’s the best way to find the leaders of tomorrow for your evolving organization.
“We are often challenged by bridging brilliant research ideas and technology to marketable ideas and viable business opportunities.
Board of Innovation has given us hands-on tools enabling to rapidly reduce risk to monetize on products and services someone really wants.”
Ulrika Cattermole, Project Manager Lund University
Outcomes of running an external startup accelerator.
Access the startup ecosystem
Open a door into the innovation ecosystem. Think of the network-building, public relations, and branding opportunities.
GET Inspiration for incremental innovation
Connect to startups with innovative offerings relating to the corporation’s core H1 innovations.
Build the network for H2 innovation
Build a network of external capabilities to explore new offerings – H2 innovations.
3 possible formats tailored to your needs
Choose from three types of external accelerators: physical, virtual, or open. We help set up both physical and virtual external startup accelerators, depending on the specifics of the organization. Our acceleration programs usually have a duration of 3 months, but we tailor them to different durations when needed.
This starts with a physical location (e.g., in a coworking space, a floor in the corporate office, or even a dedicated accelerator space) where the external accelerator and its startups are housed. This is the classic approach, creating a physical hub to house startups and the program leads. It is more suitable for earlier stage startups that don’t usually have office of their own quite yet.
A virtual accelerator is where the acceleration program is run without a dedicated location. This is more often used for later-stage startups who already have office space. For example, we helped set up the Orange Fab BeLux.
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