Corporate-startup collaboration: A managerial decision-making framework based on a systematic literature review
Ferhat Demir () and
Martin Lukes ()
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Ferhat Demir: Prague University of Economics and Business
Martin Lukes: Prague University of Economics and Business
Review of Managerial Science, 2025, vol. 19, issue 8, No 5, 2423-2454
Abstract:
Abstract Although various models of corporate-startup collaboration have been identified, it remains unclear how corporate managers should select the most suitable ones. The purpose of this study is to systematically identify, organize, and synthesize the relevant literature on corporate-startup collaborative innovation and, subsequently, to develop an integrative framework that helps differentiate individual models and provides criteria for choosing the ideal one. This study also reveals that new models emerge from established modes, and intermediaries, such as third-party organizations, play an essential role in facilitating innovation between corporates and startups. First, we contribute to the literature by identifying nine distinct models of corporate-startup collaboration and categorizing them by equity ownership and startup stage. Second, we propose a holistic framework with seven selection criteria that managers can employ to evaluate different forms of collaboration and to choose the most suitable ones.
Keywords: Corporate; Startup; Corporate-startup collaboration; Decision-making framework; Innovation; Open innovation; Collaborative innovation (search for similar items in EconPapers)
JEL-codes: M19 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:rvmgts:v:19:y:2025:i:8:d:10.1007_s11846-024-00818-1
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DOI: 10.1007/s11846-024-00818-1
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