Both SMEs and large corporations are being disrupted by radical changing business models and digital transformation. Corporate innovation instruments become extremely critical for corporations to stay competitive. However, many SMEs don’t have sufficient R&D budgets to invest in innovation. The concept of “Open Innovation” - working with innovative startups “MSMEs” - is one way to mitigate and overcome this deficiency. However, studies show that around 70% - 90% of all innovative MSME integrations with corporations failed. Now more than ever, success in corporate innovation is linked to successful integration of MSMEs / startups into APEC-based SMEs and corporations.
The Global SME & Corporate Innovation Survey 2017 is dedicated to identify the challenges and examine the best approaches that can empower APEC corporations to achieve successful startup integrations, overcome barriers and acquire innovations. Goal is to achieve win-win situations between APEC technology startups and SMEs/corporations and to help SMEs to fully embrace the potential of emerging technologies, such as AI, Robotics, big data, IoT, cloud computing, 3D printing, etc.
The online survey of 100 corporate executives will be conducted from April 15 – May 31, 2017 in partnership with investment firm Yushan Ventures and the University Twente.