External startup accelerator.

A 3-month program for identifying startups relevant to your business and accelerating their growth.

About

Stepping 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

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Results

Outcomes of our external startup accelerator.

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Access the startup ecosystem

Open a door into the innovation ecosystem. Think of the network-building, public relations, and branding opportunities.

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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.

Program overview

3 possible formats for external startup accelerators.

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.

Regardless of whether the location is physical or virtual, an open startup accelerator is characterized by the fact that it is hosted by more than one corporation.

Orange Fab Silicon Valley (a physical accelerator) recently opened up to other corporations, setting up an alliance called Fab Force. 

Client cases

Trusted by Fortune 500 and global innovators.

Board of Innovation makes Fortune 500 corporations innovate like startups, mixing proven methods from design thinking and lean startup strategies.

External startup accelerator.

Let's get in touch!

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