Ambev is the company that most practices open innovation in Brazil

The global open innovation platform 100 Open Startups released today (23) the “Top 100 Open Corps 2021” ranking , which recognizes the corporations that most practiced open innovation with startups in the last year. According to the company, which conducts the survey annually, the number of open startups jumped from 13,092 to 18,355 in the period, accompanied by a 96% increase in relationships declared by corporations and startups, which grew from 13,433 to 26,348 from 2020 to 2021.

Eduardo Horai, CTO at Ambev: “Our startup ecosystem was, and continues to be, fundamental for us to bring innovation to our entire business”

According to the survey, the number of corporations that had open innovation contracts with startups rose 96%, from 1,968 in 2020 to 3,334 in 2021. In this context, the platform chose the 100 companies in the sector to compose the ranking, which has Ambev in the first place , and ArcelorMittal, BMG, BASF and Nestlé completing the top 5. “We are going through a true process of business and culture transformation. Increasingly, we see technology as a strength to solidify our market. Our startup ecosystem was, and continues to be, fundamental for us to bring innovation to our entire business”, comments Eduardo Horai, CTO of Ambev.

The ranking reveals that around 80% of open innovation agreements registered in the last year were based on the transfer of resources from the biggest company to the startup. The average value of these contracts increased from R$140 thousand to R$270 thousand. In the same period, the total value of open innovation contracts between corporations and early stage startups was R$2.2 billion.

The survey also analyzed the sectors that most do open innovation in Brazil, with emphasis on consumer goods and food services, financial services and professional services.

See, below, the top 20 that practice open innovation the most, according to a survey by 100 Open Startups:

1. Ambev
2. ArcelorMittal
3. BMG
4. BASF
5. Nestlé
6. Stefanini
7. Natura
8. Unimed Brazil
9. root
10. Suzano
11. Bradesco
12. Valley
13. safe harbor
14. Apothecary Group
15. Saint-Gobain
16. cogna
17. BRF
18. Gerdau
19. EDP
20. Unilever

Article by: Forbes Tech