Navigating innovation partnerships: challenges and opportunities in startup-corporate collaborations
DOI:
https://doi.org/10.5585/2025.26375Keywords:
relationship, engagement, startups, corporates, entrepreneurshipAbstract
Objective of the study: This study will thoroughly investigate the interaction pathways between startups and corporations in Brazil to identify how their partnerships lead to the creation of innovative technology evaluation models.
Methodology/approach: The study utilized a qualitative approach that involved conducting 18 exploratory interviews with Brazilian startup founders. The data was collected through semi-structured interviews and analyzed using content analysis based on Bardin’s techniques.
Originality/Relevance: The novelty of this study lies in its unique focus on examining the dynamics between startups and corporations exclusively from the perspective of startups, offering a fresh and insightful lens on the challenges and opportunities inherent in their collaborative relationships.
Main results: The results of the research reveal three non-probabilistic routes of interaction between these entities.
Theoretical/methodological contributions: The study addresses a theoretical gap in understanding the relationships between startups and corporations, particularly in Brazil. While the literature acknowledges the importance of such partnerships for innovation, there needs to be more comprehensive insights into the interaction pathways and the creation of new technology evaluation models resulting from these collaborations.
Social /management contributions: This article's social and managerial significance lies in its influence on the interrelations between these organizations and the adoption of innovative practices through their partnerships, ultimately fostering value creation.
Downloads
References
Allmendinger, M. P., & Berger, E. S. C. (2020). Selecting corporate firms for collaborative innovation: Entrepreneurial decision making in asymmetric partnerships. International Journal of Innovation Management, 24(1). https://doi.org/10.1142/S1363919620500036
Amberg, J. J., & McGaughey, S. L. (2019). Strategic human resource management and inertia in the corporate entrepreneurship of a multinational enterprise. International Journal of Human Resource Management, 30(5), 759–793. https://doi.org/10.1080/09585192.2016.1192051
Aulet, B. (2017). Disciplined Entrerpreneurship Workbook. In Willey.
Bagno, R. B., Salerno, M. S., Souza, W. C. de, & OConnor, G. C. (2020). Corporate engagements with startups: antecedents, models, and open questions for innovation management. Product Management & Development, 18(1), 39–52. https://doi.org/10.4322/pmd.2019.019
Bańka, M., Salwin, M., Tylżanowski, R., Miciuła, I., Sychowicz, M., Chmiel, N., & Kopytowski, A. (2023). Start-Up Accelerators and Their Impact on Entrepreneurship and Social Responsibility of the Manager. Sustainability (Switzerland), 15(11), 1–32. https://doi.org/10.3390/su15118892
Bărbulescu, O., Tecău, A. S., Munteanu, D., & Constantin, C. P. (2021). Innovation of startups, the key to unlocking post-crisis sustainable growth in Romanian entrepreneurial ecosystem. Sustainability (Switzerland), 13(2), 1–16. https://doi.org/10.3390/su13020671
Bardin, L. (2016). Análise de Conteúdo. São Paulo: Edições 70 (p. 279). https://madmunifacs.files.wordpress.com/2016/08/anc3a1lise-de-contec3bado-laurence-bardin.pdf
Benkraiem, R., Gonçalves, D., & Shuwaikh, F. (2023). The role of corporate venture capitalists in supporting the growth of their backed start-ups. European Business Review, 35(5), 672–693. https://doi.org/10.1108/EBR-09-2022-0183
Bertin, C., & Mavoori, H. (2022). Innovative Technology-Based Startup–Large Firm Collaborations: Influence of Human and Social Capital on Engagement and Success. IEEE Transactions on Engineering Management, 1–13. https://doi.org/10.1109/TEM.2022.3187924
Bettenmann, D. (2023). It’s all about opportunities: sourcing and selection of new ventures to accelerate innovation. R and D Management, 733–744. https://doi.org/10.1111/radm.12587
Blank, S. (2014). Why Internal Ventures are Different from External Startups. Web Site. https://steveblank.com/2014/03/26/why-internal-ventures-are-different-from-external-startups/
Bonzom, A., & Netessine, S. (2016). #500 Corporations: How do the World´s Biggest Companies Deal with the Startup Revolution?
Brígido V., & Justo, A. M. (2013). Tutorial para uso do software de análise textual IRAMUTEQ. Universidade Federal de Santa Catarina - Laboratório de Picologia Social Da Comunicação e Cognição - Laccos, 1–18.
Capatina, A., Cristea, D. S., Micu, A., Micu, A. E., Empoli, G., & Codignola, F. (2023). Exploring causal recipes of startup acceptance into business incubators: a cross-country study. International Journal of Entrepreneurial Behaviour and Research, 29(7), 1584–1612. https://doi.org/10.1108/IJEBR-06-2022-0527
Chesbrough, H. W. (2006). Open Innovation. Harvard Business Review Press.
Chesbrough, H. W., & Tucci, C. (2020). The Interplay between Open Innovation and Lean Startup, or, Why Large Companies are not Large Versions of Startups (Vol. 5, Issue 1). https://core.ac.uk/download/pdf/235085111.pdf%250Awebsite: http://www.kemkes.go.id%250Ahttp://www.yankes.kemkes.go.id/assets/downloads/PMK No. 57 Tahun 2013 tentang PTRM.pdf%250Ahttps://www.kemenpppa.go.id/lib/uploads/list/15242-profil-anak-indonesia_-2019.pdf%25
Chung, E. (2023). Domain Knowledge-Based Human Capital Strategy in Manufacturing AI. IEEE Engineering Management Review, 51(1), 108–122. https://doi.org/10.1109/EMR.2022.3215074
Corvello, V., Steiber, A., & Alänge, S. (2023). Antecedents, processes and outcomes of collaboration between corporates and start-ups. Review of Managerial Science, 17(1), 129–154. https://doi.org/10.1007/s11846-021-00510-8
Crittenden, A. B., Crittenden, V. L., & Crittenden, W. F. (2017). Industry Transformation via Channel Disruption. Journal of Marketing Channels, 24(1–2), 13–26. https://doi.org/10.1080/1046669X.2017.1346974
Crittenden, A. B., Crittenden, V. L., & Crittenden, W. F. (2019). The digitalization triumvirate: How incumbents survive. Business Horizons, 62(2), 259–266. https://doi.org/10.1016/j.bushor.2018.11.005
Cunha, P., Verschoore, J., & Monticelli, J. (2023). The Interaction Between Cooperatives and Startups. A Qualitative Comparative Analysis in the Context of Open Innovation. Journal of Technology Management and Innovation, 18(1), 3–13. https://doi.org/10.4067/s0718-27242023000100003
D’Angelo, S., Ghezzi, A., Cavallo, A., Rangone, A., & Annunziata, S. (2023). Experimentation in Corporate Entrepreneurship: An Exploratory Multiple Case Study. International Conference on Enterprise Information Systems, ICEIS - Proceedings, 2(Iceis), 498–505. https://doi.org/10.5220/0011827000003467
Damasceno, A. L. T., Morini, C., & Pannellini, G. L. (2023). Lessons from the fastest Brazilian unicorn. Innovation and Management Review, 20(3), 281–297. https://doi.org/10.1108/INMR-05-2021-0070
Das, A., Konietzko, J., & Bocken, N. (2022). How do companies measure and forecast environmental impacts when experimenting with circular business models? Sustainable Production and Consumption, 29, 273–285. https://doi.org/10.1016/j.spc.2021.10.009
de Andrade, R. D., & Pinheiro, P. G. (2023). Startups Knowledge Sharing Through Entrepreneurial Networks and the Catalytic Role of Incubators. In L. Uden & I.-H. Ting (Eds.), Knowledge Management in Organisations (pp. 3–16). Springer Nature Switzerland. https://link.springer.com/chapter/10.1007/978-3-031-34045-1_1
Dizdarevic, A., van de Vrande, V., & Jansen, J. (2023). When opposites attract: a review and synthesis of corporate-startup collaboration. Industry and Innovation, 00(00), 1–35. https://doi.org/10.1080/13662716.2023.2271853
Donada, C., & Nogatchewsky, G. (2023). Start-Up Complementor Selection in a Large Company: A Case Study. Accounting Auditing Control, 29(2), 97–133. https://doi.org/10.3917/cca.292.0097
Durai, K., & Viji, R. (2022). Impact of Talent Management Practices on Organisational Engagement in Start-Ups in India. Polish Journal of Management Studies, 25(2), 138–156. https://doi.org/10.17512/pjms.2022.25.2.09
Duwe, J. (2022). Ambidextrous Leadership. In Ambidextrous Leadership. https://doi.org/10.1007/978-3-662-64032-6
Espíndola, M., Mafra Pereira, F. C., & Leoni de Araújo Guimarães, A. (2023). Mapeamento De Atributos Do Ecossistema De Fintechs Brasileiras: Proposição De Modelo Teórico Analítico. Revista Gestão e Desenvolvimento, 20(1), 150–175. https://doi.org/10.25112/rgd.v20i1.3135
FUNDAÇÃO DOM CABRAL; Núcleo de Inovação e Empreendedorismo. ASSOCIAÇÃO NACIONAL DE PESQUISA E DESENVOLVIMENTO DAS EMPRESAS INOVADORAS. (2020). Empresas Inovadoras e a Pandemia da Covid-19. https://www.fdc.org.br/conhecimento/publicacoes/relatorio-de-pesquisa-35070
Giardino, C., Wang, X., & Abrahamsson, P. (2014). Why early-stage software startups fail: A behavioral framework. In C. Lassenius & K. Smolander (Eds.), Software Business Towards Continuous Value Delivery (pp. 27–41). Springer. https://doi.org/10.1007/978-3-319-08738-2
Giourka, P., Kilintzis, P., Samara, E., Avlogiaris, G., Farmaki, P., & Bakouros, Y. (2021). A business acceleration program supporting cross-border enterprises: A comparative study. Journal of Open Innovation: Technology, Market, and Complexity, 7(2), 152. https://doi.org/10.3390/joitmc7020152
Guizani, M., Castro-Guzman, A. A., Sarma, A., & Steinmacher, I. (2023). Rules of Engagement: Why and How Companies Participate in OSS. 2617–2629. https://doi.org/10.1109/icse48619.2023.00218
Gutmann, T., & Lang, C. (2022). Unlocking the Magic of Corporate-Startup Collaboration: How to Make It Work. IEEE Engineering Management Review, 50(2), 19–25. https://doi.org/10.1109/EMR.2022.3158490
Ha, J. C., Lee, J. W., & Seong, J. Y. (2021). Sustainable competitive advantage through entrepreneurship, market-oriented culture, and trust. Sustainability (Switzerland), 13(7). https://doi.org/10.3390/su13073986
Herring, M. (2014). Testing Testing. The Economist. https://www.economist.com/special-report/2014/01/16/testing-testing
Hooi, L. W. (2024). Pathways to corporate entrepreneurship: do HRM practices and organizational learning capability matter? Evidence-Based HRM, 12(1), 230–246. https://doi.org/10.1108/EBHRM-05-2023-0125
Hyun, S., & Seob, H. (2022). Positive effects of portfolio financing strategy for startups. Economic Analysis and Policy, 74, 623–633. https://doi.org/10.1016/j.eap.2022.03.017
Järvinen, J., Huomo, T., Mikkonen, T., & Tyrväinen, P. (2014). From agile software development to mercury business. In Software Business Towards Continuous Value Delivery: Vol. 182 LNBIP (pp. 58–71). https://doi.org/10.1007/978-3-319-08738-2
Joseph, D., Boni, A. A., & Abremski, D. (2021). A note on corporate open innovation: Engagement with startups. Journal of Commercial Biotechnology, 26(2), 33–35. https://doi.org/10.5912/jcb989
Kanbach, D. K., & Stubner, S. (2016). Corporate accelerators as recent form of startup engagement: The what, the why, and the how. Journal of Applied Business Research, 32(6), 1761–1776. https://doi.org/10.19030/jabr.v32i6.9822
Kantis, H., Menendez, C., Álvarez-Martínez, P., & Federico, J. (2023). Collaboration between startups and large firms: A new way to engage in open innovation. Tec Empresarial, 17(1), 70–93. https://doi.org/10.18845/te.v17i1.6544
Katila, R., Rosenberger, J. D., & Eisenhardt, K. M. (2008). Swimming with sharks: Technology ventures, defense mechanisms and corporate relationships. Administrative Science Quarterly, 53(2), 295–332. https://doi.org/10.2189/asqu.53.2.295
Kitsuta, C. M., & Quadros, R. (2022). The Anatomy of a Corporate Venture Builder : Factors influencing Failure. PICMET 2022 - Portland International Conference on Management of Engineering and Technology: Technology Management and Leadership in Digital Transformation - Looking Ahead to Post-COVID Era, Proceedings, 1–9. https://doi.org/10.23919/PICMET53225.2022.9882548
Klonowski, D. (2020). Entrepreneurial Finance in Emerging Markets Exploring Tools, Techniques, and Innovative Technologies. In Entrepreneurial Finance in Emerging Markets: Exploring Tools, Techniques, and Innovative Technologies. https://doi.org/10.1007/978-3-030-46220-8_19
Klotins, E. (2017). Using the Case Survey Method to Explore Engineering Practices in Software Start-Ups. Proceedings - 2017 IEEE/ACM 1st International Workshop on Software Engineering for Startups, SoftStart 2017, 24–26. https://doi.org/10.1109/SoftStart.2017.4
Kohler, T. (2016). Corporate accelerators: Building bridges between corporations and startups. Business Horizons, 59(3), 347–357. https://doi.org/10.1016/j.bushor.2016.01.008
Korpysa, J. (2021). Process ambidexterity in startups innovation. Management Systems in Production Engineering, 29(1), 27–32. https://doi.org/10.2478/mspe-2021-0004
Kurpjuweit, S., & Wagner, S. M. (2020). Startup Supplier Programs: A New Model for Managing Corporate-Startup Partnerships. California Management Review, 62(3), 64–85. https://doi.org/10.1177/0008125620914995
Kwon, J., Choi, Y., & Hwang, Y. (2021). Enterprise design thinking: An investigation on user-centered design processes in large corporations. Designs, 5(3). https://doi.org/10.3390/designs5030043
Liu, P., & Shao, Y. (2022). Innovation and new business formation: the role of innovative large firms. Small Business Economics, 59(2), 691–720. https://doi.org/10.1007/s11187-022-00603-y
Martins, M. C. K., Padilha, R. O., & DA SILVA, S. M. (2022). Corporate venture capital and corporate accelerators: differences and similarities. Brazilian Journal of Political Economy, 42(1), 192–206. https://doi.org/10.1590/0101-31572022-3037
Möllmann, J. (2023). More than a handshake – knowledge transfer in structured corporate–startup collaboration programs. Journal of Knowledge Management, 27(10), 2604–2624. https://doi.org/10.1108/JKM-03-2022-0222
Moroni, I., Arruda, A., & Araujo, K. (2015). The Design and Technological Innovation: How to Understand the Growth of Startups Companies in Competitive Business Environment. Procedia Manufacturing, 3, 2199–2204. https://doi.org/10.1016/j.promfg.2015.07.361
Neumann, M., Hintzen, D., Riel, A., Waldhausen, G., & Dismon, H. (2019). Startup Engagement as Part of the Technology Strategy Planning – How Rheinmetall Automotive Increases Innovation by Using Corporate Venturing. Communications in Computer and Information Science, 1060, 743–755. https://doi.org/10.1007/978-3-030-28005-5_58
Nobari, N., & Dehkordi, A. M. (2023). Innovation intelligence in managing co-creation process between tech-enabled corporations and startups. Technological Forecasting and Social Change, 186(PB), 122107. https://doi.org/10.1016/j.techfore.2022.122107
Noviaristanti, S., Acur, N., Mendibil, K., & Miranda, E. (2024). The Network Orchestration Role of Accelerators for Value Creation. IEEE Transactions on Engineering Management, 71, 3795–3806. https://doi.org/10.1109/TEM.2024.3356714
Okoli, C. (2015). A guide to conducting a standalone systematic literature review. Communications of the Association for Information Systems, 37(1), 879–910. https://doi.org/10.17705/1CAIS.03743
Oliva, F. L., & Kotabe, M. (2019). Barriers, practices, methods and knowledge management tools in startups. Journal of Knowledge Management, 23(9), 1838–1856. https://doi.org/10.1108/JKM-06-2018-0361
Onetti, A. (2021). Turning open innovation into practice: trends in European corporates. Journal of Business Strategy, 42(1), 51–58. https://doi.org/10.1108/JBS-07-2019-0138
Pal, A. (2023). First Principles Entrepreneurial Effectuation. 3rd IEEE International Conference on Technology, Engineering, Management for Societal Impact Using Marketing, Entrepreneurship and Talent, TEMSMET 2023, 1–7. https://doi.org/10.1109/TEMSMET56707.2023.10150055
Palmié, M., Boehm, J., Friedrich, J., Parida, V., Wincent, J., Kahlert, J., Gassmann, O., & Sjödin, D. (2021). Startups versus incumbents in ‘green’ industry transformations: A comparative study of business model archetypes in the electrical power sector. Industrial Marketing Management, 96, 35–49. https://doi.org/10.1016/j.indmarman.2021.04.003
Picken, J. C. (2017). From startup to scalable enterprise: Laying the foundation. Business Horizons, 60(5), 587–595. https://doi.org/10.1016/j.bushor.2017.05.002
Prashantham, S., & Madhok, A. (2023). Corporate-startup partnering: Exploring attention dynamics and relational outcomes in asymmetric settings. Strategic Entrepreneurship Journal, 17(4), 770–801. https://doi.org/10.1002/sej.1475
Putra, F. H. R., Pandza, K., & Khanagha, S. (2023). Strategic leadership in liminal space: Framing exploration of digital opportunities at hierarchical interfaces. Strategic Entrepreneurship Journal, May 2023, 165–199. https://doi.org/10.1002/sej.1465
Reddy, S. H., Bathini, H., Ajmeera, V. N., Marella, R. S., Kumar, T. V. V., & Khari, M. (2024). Startup Unicorn Success Prediction Using Ensemble Machine Learning Algorithm. In B. J. Choi, D. Singh, U. S. Tiwary, & W.-Y. Chung (Eds.), Intelligent Human Computer Interaction (pp. 330–338). Springer Nature Switzerland.
Ries, E. (2011). The Lean Startup (1st ed.). Leya Edition. http://s-inova.ucdb.br/wp-content/uploads/biblioteca/a-startup-enxuta-eric-ries-livro-completo.pdf
Rigtering, J. P. C., & Behrens, M. A. (2021). The Effect of Corporate — Start-Up Collaborations on Corporate Entrepreneurship. Review of Managerial Science, 15(8), 2427–2454. https://doi.org/10.1007/s11846-021-00443-2
Salimi, S., Shahriari, M., & Shirani, B. A. (2023). Designing A Framework of Influencing Variables on Open Innovation in Startup Companies. In International Journal of Innovation Management (Vol. 27, Issue May). https://doi.org/10.1142/S1363919623500147
Sarasvathy, S. D. (2021). The Middle Class of Business: Endurance as a Dependent Variable in Entrepreneurship. Entrepreneurship: Theory and Practice, 45(5), 1054–1082. https://doi.org/10.1177/10422587211015983
Schuh, G., & Studerus, B. (2023). Derivation of Requirements for the Formation of Collective Target Systems for Technology-Based Cooperation Between Manufacturing Corporates and Startups. In Smart, Sustainable Manufacturing in an Ever-Changing World (1st ed., p. 940). Lecture Notes in Production Engineering. https://doi.org/10.1007/978-3-031-15602-1_34
Terho, H., Suonsyrjä, S., Jaaksi, A., Mikkonen, T., Kazman, R., & Chen, H.-M. (2015). Lean startup meets software product lines: Survival of the fittest or letting products bloom? CEUR Workshop Proceedings, 1525, 134–148. https://www2.scopus.com/inward/record.uri?eid=2-s2.0-84962508494&partnerID=40&md5=3b7b106343f8058fa7cf0065b8ad1e53
Tian, Q., Zhang, S., Yu, H., & Cao, G. (2019). Exploring the factors influencing business model innovation using grounded theory: The case of a Chinese high-end equipment manufacturer. Sustainability (Switzerland), 11(5). https://doi.org/10.3390/su11051455
Toivonen, T. (2015). Continuous innovation - Combining Toyota Kata and TRIZ for sustained innovation. Procedia Engineering, 131, 963–974. https://doi.org/10.1016/j.proeng.2015.12.408
Unterkalmsteiner, M., Abrahamsson, P., Wang, X. F., Nguyen-Duc, A., Shah, S., Bajwa, S. S., Baltes, G. H., Conboy, K., Cullina, E., Dennehy, D., Edison, H., Fernandez-Sanchez, C., Garbajosa, J., Gorschek, T., Klotins, E., Hokkanen, L., Kon, F., Lunesu, I., Marchesi, M., … Yagüe, A. (2016). Software startups-A research agenda. E-Informatica Software Engineering Journal, 10(1), 89–123. https://doi.org/10.5277/e-Inf160105
Urbano, D., Turro, A., Wright, M., & Zahra, S. (2022). Corporate entrepreneurship: a systematic literature review and future research agenda. Small Business Economics, 59(4), 1541–1565. https://doi.org/10.1007/s11187-021-00590-6
Usman, M., & Vanhaverbeke, W. (2017). How start-ups successfully organize and manage open innovation with large companies. European Journal of Innovation Management, 20(1), 171–186. https://doi.org/10.1108/EJIM-07-2016-0066
Weiblen, T., & Chesbrough, H. W. (2015). Engaging with startups to enhance corporate innovation. California Management Review, 57(2), 66–90. https://doi.org/10.1525/cmr.2015.57.2.66
Wolcott, R. C., & Lippitz, M. J. (2007). The four models of corporate entrepreneurship. MIT Sloan Management Review, 49(1), 75-82+93. https://sloanreview.mit.edu/article/the-four-models-of-corporate-entrepreneurship/
Yordanova, Z. B. (2021). Lean Startup Method Hampers Breakthrough Innovations and Company’s Innovativeness. International Journal of Innovation and Technology Management, 15(2). https://doi.org/10.1142/S0219877018500128
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Marisangela Bastos Lima Csik, Alvair Silveira Torres Junior

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
- Abstract 56
- pdf 25
- pdf (Português (Brasil)) 4