Corporate entrepreneurship and creativity in large firms: the practice of start-up contests

Véronique Schaeffer

Journal of Innovation Economics, 2015, vol. n°18, issue 3, 25-51

Abstract: The organization of start-ups contests by large mature firms appears as a growing practice to stimulate corporate entrepreneurship. We explore this phenomenon to characterize the mutual benefits for large firms and start-ups. We show the influence of two factors on the nature of the relationship between large mature firms and start-ups. The first is the product oriented or service oriented innovation processes of large firms. The second is the distance between the core technological fields of large firms and start-up. Based on these two factors we propose a categorization of start-ups contests in four types: early co-development, co-development close to market, acceleration and outsourcing. The cases we study show the strong influence of the technologies linked to Internet in the development of the start-ups contests. Accelerating programs that accompany the practice of start-ups contests rely on the creation of private accelerators that play an important role as boundary spanners and gatekeepers. JEL Codes: M13

Keywords: corporate entrepreneurship; start-up contest; accelerator; web 3.0; mature firms; open innovation; services (search for similar items in EconPapers)
JEL-codes: M13 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (3)

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