Funding programs for startups need to think more outside the box
Accelerators and incubators for startups are vital for industry, but often do not offer enough. The competition for ideas is now forcing them to specialize in specific industries and position themselves internationally.
10 Feb 2019 Kai TubbesingShare
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The majority of funding programs concentrate on providing classic support, such as coaching (96%), workshops (90%), and office space (86%), and fail to distinguish themselves from the competition with a clever concept. Only half of those surveyed give startups access to special technologies or specialize in a certain industry. Just 35% focus on a key area of technology, such as the Industrial Internet of Things (IIoT), big data, or artificial intelligence. Roland Berger therefore recommends accelerators, incubators, and other programs specialize more in one industry or technology and adopt an international strategy, to access new markets and open up additional opportunities for partnerships.
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