The case for business
In a rapidly changing environment, firms are looking for ways to respond to disruptions in their sectors and future proof their business. Innovation, and more specifically innovation partnerships, are an increasingly important part of their business' strategies.
For many large companies working with innovative SMEs can help them to achieve their strategic objectives. And for start-ups and scale-ups, partnerships and contracts with large companies can be vital for their development.
These partnerships and relationships, however, are not always easy. Common cultural, legal, financial and technical challenges have prevented some of these partnerships from reaching their full potential. And, in some cases have resulted in parties stepping away altogether.
Informed by member roundtables, and experts from across the business community, the CBI has brought together best practice guidance and useful resources to support your business embark on new, successful innovation partnerships.
58% of businesses are reporting co-operation arrangements. A 9% increase over the past two years
As of 2020 45% of UK businesses are innovation active, a 7% increase over 2 years
In London alone, 18,000 new technology start-ups were founded in 2021
Discover resources to support your business' progress towards successful innovation relationships.
What are innovation relationships, and how could they help your business?
Discover the CBI's Big Fish Little Fish campaign.
Take a step back. Read how innovation can help your business to build back better.
Could developing long-term, innovation partnerships benefit your business? Find out.
Hear from Paul Batterham on Kainos' approach to innovation partnerships.
Catch up on the CBI @10am webinar: creating an innovation economy.
THE FIRST STEPS
So what next? Practical resources to help set your business up for success
Innovation inevitably involves some level of risk. Use this practical and straightforward risk matrix, developed by Kainos, to calculate the potential risk of an innovation opportunity.
This first mini-guide will take you through the common points of culture clash in Big Fish, Little Fish relationships, and the innovation catalysts you can use to overcome them.
Open innovation is one approach your business could take
Could Mergers & Acquisitions (M&A) be right for you?
In the final instalment of the CBI’s Big Fish Little Fish best practice guidance, we looked at the routes to successful M&A through understanding people and managing process.
LEARN FROM OTHERS
Learn from the advice and experiences of others
The biggest learning for Kainos and loyalBe in their innovation relationship? Transparency. Check out their story.
Discover Whitespace and IBM's Open Innovation journey and Eamli, a joint technology solution.
Read how Kainos acquired IntuitiveTEK to critically expand their footprint in North America and support their growing Adaptive planning customer base.
Check out this Q&A with HPE's Chief Technologist on how your firm can overcome challenges and build long-term value through innovation.
SHARE YOUR STORY
The CBI is your platform. Get involved in the campaign and share your stories
Profile where your business is at the cutting edge.
Demonstrate your expertise as a reliable source of information, opinions and insights.
Help others to follow your lead, start their journey and adopt best practice.
Move the agenda forward on a range of important issues, shaping an external environment that works for your business.
Give back to your sector or industry.
Interested to get involved with Big Fish, Little Fish campaign? Contact Nathan.