{"id":95125,"date":"2020-10-22T15:41:29","date_gmt":"2020-10-22T12:41:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/how-corporations-and-smbs-can-turn-competition-into-collaboration\/"},"modified":"2020-10-22T15:41:29","modified_gmt":"2020-10-22T12:41:29","slug":"how-corporations-and-smbs-can-turn-competition-into-collaboration","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/how-corporations-and-smbs-can-turn-competition-into-collaboration\/","title":{"rendered":"#How corporations and SMBs can turn competition into collaboration"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a33f07e3441a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a33f07e3441a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/how-corporations-and-smbs-can-turn-competition-into-collaboration\/#What_is_an_ecosystem_in_the_first_place\" >What is an ecosystem in the first place?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/how-corporations-and-smbs-can-turn-competition-into-collaboration\/#The_importance_of_idea_validation\" >The importance of idea validation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/how-corporations-and-smbs-can-turn-competition-into-collaboration\/#Finding_product-market_fit\" >Finding product-market fit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/how-corporations-and-smbs-can-turn-competition-into-collaboration\/#Mutually_beneficial_partnerships\" >Mutually beneficial partnerships<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/how-corporations-and-smbs-can-turn-competition-into-collaboration\/#The_importance_of_community\" >The importance of community<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#How corporations and SMBs can turn competition into collaboration<\/strong>&#8221;<\/p>\n<div>\n                            <span style=\"font-weight: 400;\">We can finally live out our <\/span><i><span style=\"font-weight: 400;\">Jetsons<\/span><\/i><span style=\"font-weight: 400;\"> fantasies \u2013 almost. Pandemic permitting, in a few years we should be able to hire an aircraft to get from A to B.\u00a0<\/span><span style=\"font-weight: 400;\">Volocopter<\/span><span style=\"font-weight: 400;\">\u2019s drone-like, electric-powered helicopters will be cleared to take off with passengers in two to three years.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">During its first public flight in Europe last year, CEO Florian Reuter stated that backing from Daimler gave his company the credibility and traction that his competitors cannot claim to have. CEO of Mercedes-Benz Cars and Chairman of its parent company Daimler, Ola K\u00e4llenius said that by partnering with Volocopter, Daimler can be part of \u201cthe mobility of the future.\u201d Thanks to this collaboration, catching a lift will have a whole new meaning.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So how important are this type of collaboration or partnership to a digital ecosystem?\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_an_ecosystem_in_the_first_place\"><\/span><b>What is an ecosystem in the first place?\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A digital ecosystem is always more than the sum of its parts but there are common ingredients among the most successful ones. Founders with problems to solve. Co-founders who believe in their vision. Networking events so they can find each other. Funding from friends and family, angels, VCs, and private equity funds. Support organizations like workplace communities, growth platforms, and networking and membership groups. Venues and co-working spaces. Support programs like accelerators, incubators, and open innovation initiatives.\u00a0 A qualified talent pool, technical infrastructure like fast broadband, links to education to create a talent pipeline and access to academic research. Backing from local and national governments and big companies that take an active interest in what the smaller ones are doing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This isn\u2019t an exhaustive list so what do the experts say?\u00a0<\/span><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/seedcamp.com\/resources\/how-to-build-a-tech-ecosystem-the-essential-building-blocks-revisited-by-carlos-espinal\/\"><span style=\"font-weight: 400;\">Carlos Espinal<\/span><\/a><span style=\"font-weight: 400;\">, Managing Partner at Seedcamp start-up platform, would add tax relief for risky ventures, access to legal counsel, tolerance for failure, and a strong <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> presence.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Steven Renwick, entrepreneur across London and Berlin and CPO at Regis 24 broke it down to The Next Web in simpler terms. Essentially, in his view, a healthy ecosystem has the presence of both people who are building businesses and of good investors who share ideas and best practices with each other.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_importance_of_idea_validation\"><\/span><b>The importance of idea validation<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">Having all the ingredients present is one thing but sharing ideas and best practices is an action that shouldn\u2019t be reserved for the good investors. Collaboration, especially between smaller businesses and their larger counterparts, is the catalyst that precipitates innovation. That innovation then ripples out, positively affecting other parts of the cluster.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are several direct benefits to the small business. These include investment, project funding, access to corporate information and data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For Renwick, just as important are the intangible benefits: expertise, guidance, idea validation, connections, and forming strong relationships with existing and potential customers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He said: \u201cSmall companies need to speak to big companies to find out if their problems are relevant or not. And there\u2019s no accounting for serendipity. You never know who is going to introduce you to an investor or an employee.\u201d<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Finding_product-market_fit\"><\/span><b>Finding product-market fit<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Speaking to the benefits of idea validation is Sebastian Weyer, Co-Founder of Statice, a privacy and compliance start-up. He took part in Data Pitch, an EU-funded innovation program in which corporates share their data with start-ups. By working with the data of a digital health company Weyer was able to confirm Statice\u2019s utility.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He told The Next Web: \u201cThe collaboration went very smoothly as we laid out the project to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ly our <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> to their data. The final result was to show that the company was able to protect its user data with our software while still enabling them to use the data in a meaningful way.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gaining a deeper understanding of a sector is necessary for founders with experience in a different industry as Karl Lorey, a Stuttgart-based Technologist and Investor explained to The Next Web. He said: \u201cMany start-ups are founded by people not from a specific industry so they need to understand how things work there in order to find product-market fit. The way to do it is to talk directly to your customer and understand their needs to build products that corporates want, thus generating sustainable revenue early.\u201d<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speaking of revenue, Weyer also attested to the fact that collaborations can assist with sales and customer acquisition. He said: \u201cUsually, collaborations are part of our sales process. Quite often these include setting up a proof of concept project with corporates to test our product together. This is usually handled by our salespeople.\u201d<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mutually_beneficial_partnerships\"><\/span><b>Mutually beneficial partnerships<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Christian Deilmann, Co-Founder and MD of smart heating company tado, recognizes first-hand the benefits to the SMB of collaborating but he also understands the pros to the other party. His smart heating and wireless thermostat company has collaborated with energy suppliers including Essen, Germany-based E.ON while participating in Data Pitch.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He told The Next Web: \u201cStart-ups are very fast in developing and creating new innovations and being very close to the consumers and seeing what their specific needs are. And the large corporations, their products are ready for new innovations. If you put the two together, the corporation has customer reach and innovations.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Lorey said that from his perspective, collaboration often leads to an acquisition which is a way to bring the agility and innovation of a start-up into the larger company. This form of partnership, buy-outs, and corporate venture capital is long term and not for the commitment-shy.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_importance_of_community\"><\/span><b>The importance of community<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Other locations where collaboration can take place are accelerators, co-working spaces, events, and competitions. Other forms of collaboration include procurement, co-development, and free tools. Even investors can play their part as Lorey has been asked to make introductions between fund investors from medium-sized companies and start-ups in order to initiate a project.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The events hosted by or at start-up communities like Google for Startups, Silicon Allee, and Digital Hub Initiative can be fruitful for finding a collaborative partner.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Karolin Hewelt, Head of Hub Agency underlines Digital Hub Initiative\u2019s role as points of interaction between start-ups and corporates in Germany. She says: \u201cEstablished companies in many industries seldom had access to the great start-up hotspots like Berlin, Hamburg or Munich, although there were sometimes great teams and talents and also start-ups at the excellent universities in their vicinity. But they hardly ever learned about each other.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Making connections is a key part of the Digital Hub Initiative mission and the 12 Hubs that form part of its network specialize in various technology areas so organizations that share a sector interest can connect more easily. The Digital Logistics Hub is in Dortmund, Smart Infrastructure Hub in Leipzig, and Media Tech Hub in Potsdam. A young company that is part of the InsurTech Hub in Munich is Smartlane Transport Intelligence. The start-up uses cloud-based software and artificial intelligence to help fleet operators plan and optimize their vehicles\u2019 journeys more efficiently and now counts Deutsche Bahn as one of its customers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With so much action and interaction in a digital ecosystem, the positive effects of collaboration are felt not just by those who are directly participating.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Deilmann, collaborations are beneficial in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> because they highlight opportunities for improvement plus they eliminate inefficiencies in uncertain value chains. From his perspective, there is a multiplier effect when corporations see their competitors working with start-ups on innovation projects and bringing them to market quickly. By observing what others are achieving and seeing customers react well to those innovations, they are stimulated to also seek out partnerships with start-ups and innovate.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">German industries would be left behind in an analog past without collaborations, said Ueberheide, as he believes they would not be able to successfully digitize themselves without those partnerships.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is clear that many see innovative collaborations as the way for old-school industries and corporations to understand and make use of the technological advances of the future.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Lorey said: \u201cStart-ups and big corporates have different areas of expertise and can greatly benefit from each other. Especially in Germany, there are many corporates that have understood that they need to innovate in order to survive and many innovative startups with exciting technologies and services. I think corporates need meaningful connections to startups to leverage this potential and to bridge the gap.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Weyer added that collaborations support sales, product development, and research, and that pooling resources facilitates many technological advances. These aspects of business impact many other areas of the ecosystem.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So it seems collaborations are necessary for the innovation required for company survival, and with those corporations serving as one of the pillars of a digital ecosystem, the importance of partnering cannot be understated.<\/span><\/p>\n<div class=\"post-paidNotice post-paidNotice--below\">\n        <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.de-hub.de\/en\/\"><\/p>\n<p>    <img decoding=\"async\" class=\"post-paidNotice-image\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/07\/bmwi_logo_dehub_rgb-01-e1594115191811.png\"\/><\/a><\/p>\n<p class=\"post-paidNotice-text\">This article is brought to you by the\u00a0<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" onclick=\"ga('primary.send', 'event', 'Article', 'Sponsored Post', 'Link');\" href=\"https:\/\/www.de-hub.de\/en\/\">Digital Hub Initiative.<\/a><\/p>\n<\/div><\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener noreferrer\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/world\/2020\/10\/22\/how-corporations-and-smbs-can-turn-competition-into-collaboration\/\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#How corporations and SMBs can turn competition into collaboration&#8221; We can finally live out our Jetsons fantasies \u2013 almost. Pandemic permitting, in a few years we should be able to hire an aircraft to get from A to B.\u00a0Volocopter\u2019s drone-like, electric-powered helicopters will be cleared to take off with passengers in two to three years.\u00a0&#8230;<\/p>\n","protected":false},"author":1,"featured_media":95126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2020\/10\/workplace-1245776_1920.jpg&signature=f6bcf0ed07b96c72b9d82b93f7a63a65","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[70937,75078,76733,47746,71745,67821],"class_list":["post-95125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-artificial-intelligence","tag-chief-executive-officer","tag-collaboration","tag-entrepreneur","tag-venture-capital","tag-world"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/95125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=95125"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/95125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/95126"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=95125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=95125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=95125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}