Here is what tech and non-tech MNCs and SMEs tech and non-tech can learn from a global VC with over 1,800 investments from 60 countries under its name.
Working with 3,000 founders across 60 countries is no easy feat – and any MNC would know that first hand.
As the startup ecosystem gets increasingly saturated – with startups, investors and corporates, the ones who should start looking over their shoulder are the businesses who think their position at the top is safe.
In timely fashion, 500 Startups, in conjunction with INSEAD, launched a report in 2016: How do the World’s Biggest Companies Deal with the Startup Revolution?
The report touched on how not only can technology companies be disrupted by a small team of engineers in a garage (or today: a heavily subsidised coworking space), but also how the startup phenomenon is also affecting banking, automotive, logistics and fast moving consumer goods industries. Established corporations (68% of the top 100 companies from Forbes Global 500 are engaging startups) seem to be adapting quickly – but how can the next 400 and more keep up the pace? And what is Southeast Asia’s progress on this front?
The Swiss Army Knife of Startup Engagement (CSE)
Moreover, in 2016, 500 Startups has delivered several Corporate Startup Innovation Unlocked workshops in the USA, Japan and Malaysia to help large corporations to leverage the Startup Ecosystem to drive superior innovation outcomes.
Unlocking your enterprises’ potential for innovation
This is where Echelon’s collaboration with 500 Startups begins, with 500 Startups joining e27‘s Echelon conferences as Official Corporate Innovation Partner. With over a quarter of e27’s conference attendees hailing from regional tech and non-tech enterprises – some of the biggest brands (including Ascendas-Singbridge, UOB, Singtel and AIA) already part of Echelon 2017.
Because that’s all the time a c-suite executive can really afford: 500 Startups (as Echelon’s Official Corporate Innovation Partner) and e27 presents a half-day intensive track designed to teach digital innovation leaders how to tap into the startup ecosystem to:
- Identify emerging technologies & trends that are redefining consumer and market behaviours
- Discover 8 clear state-of-the-art solutions to address evolving business challenges and opportunities through Corporate Startup Engagement (CSE), with a focus on Corporate Accelerators, Corporate Venture Capital and M&A
- Learn how to partner and pilot with startups to accelerate tangible innovation outcomes
Who should attend Echelon’s Corporate Innovation track?
This is designed for anyone that is responsible for driving innovation within a complex corporate environment, especially those from:
- Corporations exploring ways to engage with startups
- Corporations looking to benchmark their practices
- or Individuals working in corporations who want to get buy in from colleagues to embark on a CSE programme
500 Startups: global venture capital seed fund and startup accelerator
500 Startups is based in Silicon Valley with over with over US$330M in committed capital across 4 main funds and 13 micro funds. They have invested in a wide variety of technology startups all over the world, currently over 1,800 companies since its inception in 2010. 500’s team of 150 people manage seed investments in 60 countries and speak over 20 languages and has had operational experience at companies such as PayPal, Google, Facebook, YouTube, Yahoo, LinkedIn, Twitter and Apple.
In the spirit of glocalisation: 500 Startups also has funds focussed on different international regions, including 500 Durians (focussed on Southeast Asia), 500 TukTuks (focussed on Thailand) and 500 Startups Vietnam (focussed on Vietnam).
Echelon is a conference and digital insights, connections, talent and funding platform to empower startups, investors and corporates to build and grow their businesses across APAC. Exclusively for this week of launch, enjoy 27% off your Corporate pass for Echelon Thailand and Echelon Asia Summit!
Echelon’s 2017 Roadmap with 500 Startups
- Echelon Thailand 2017: May 15-16, Bangkok
- Echelon Asia Summit 2017: June 28-29, Singapore
- Echelon Indonesia 2017: August 23-24, Jakarta
In line with 500 Startups’ year-long collaboration with Echelon, the team will also be participating actively on the TOP100 Startup Search programme powered by Echelon Connect – where startups will not need to wait till the conference to pitch to the team.
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