Learn how the CBI is working to support new, successful innovation partnerships between businesses large and small, and how you can get involved.
Why is the CBI launching Big Fish, Little Fish?
Throughout the pandemic, businesses demonstrated incredible ingenuity, rapidly embracing technology and innovation. You can read more about this in the CBI’s Tech Tracker report. Looking to the future, many businesses are prioritising investments into cutting-edge technologies, such as AI and Robotics Process Automation (RPA), to achieve strategic objectives such as growth, increased resilience and increased agility. For many businesses, building strong relationships with other firms will be vital to achieving these strategic objectives.
For many large companies, partnerships with start-ups and scale-ups are an increasingly important part of their innovation strategies. And for start-ups and scale-ups, innovation partnerships and contracts with large companies can be a vital stage in their development.
Members also made clear, however, that these partnerships and relationships are not always easy. Common cultural, legal, financial and technical challenges have hindered some of these partnerships from reaching their full potential and, in some cases have resulted in parties stepping away altogether.
The consequence of this is that the UK could miss out on