Open Startups and the open innovation scenario
The Ranking 100 Open Startups, in addition to awarding the TOP Open Startups that have the most open innovation relationships with corporations, also found data on how the open innovation scenario has been transformed from the award-winning open startups.
Open innovation activity among companies and startups accelerated despite the economic situation and the pandemic during the years 2020 and 2021.
Startups are increasingly prepared and willing to do business with corporations, and both the volume and intensity of innovation are increasing at a very fast pace .
To give you an idea, the first edition of the Ranking 100 Open Startups featured 82 corporations and 108 startups among those scored. Five years later, just for the 2021 edition, there were 3,424 corporations signing contracts with 2,414 startups, and the 2022 edition already registers even higher partial numbers.
When we compare the entrepreneurship and innovation ecosystem today with that of 2016, when the Ranking 100 Open Startups began to be published, we see great maturity . Business between companies and startups is no longer considered “a peripheral adventure”, but rather a central pillar.
How startups have strengthened the open innovation scenario
From the data collected in the Startups and Open Innovation 2016–2021 study , we can observe and highlight the main open innovation movements in the country , their density and concentration. We identified, for example, which are the most common types of relationship, the values involved and the sectors that bring more opportunities.
Thus, from this data collection, it is possible to map the next innovation movements , which will define trends and investment convergence in the following stages.
what the data say
From the survey, we identified:
- What comes next?
- What are the emerging startups that will define the market landscape in the coming years?
- Which companies are most prepared for the transformation
- of your sectors?
- What are the most intense innovation trends, which have the most participants among startups and corporations?
This study comprises a universe of 3,690 corporations and 18,000 startups that over practically 6 years have concluded more than 33,000 contracts by October 2021.
Discover the main insights into the profile of the open startups that have most transformed the market by innovating with leading companies
The study was separated into five major insights on how startups have evolved in the face of open innovation and how relationships with corporations have impacted the maturation and strengthening of the innovation movement. The main insights are:
#1 Growth — Each year, 59% more startups engage in Open Innovation with corporations;
#2 Scope — Every type of startup can develop Open Innovation relationships with corporations;
#3 Relationship — Open Innovation relationships grow, in number and intensity, at an average rate of 125% per year;
#4 Investment — Angel investment and seed capital are the main ways of financing startups that do Open Innovation;
#5 Champion Profile — Has at least 2 founders and has more than 11 people on the team. It has been in existence for at least 4 years, a business model initially aimed at legal entities (B2B), Open Innovation contracts with 21 to 30 different corporations and already generate revenue, earning between US $ 0.25 and 1.25 million per year.
Ranking 100 Open Startups
The Ranking is built from the collection of primary market data, validated by a verification and auditing process. In other words, it measures the volume and intensity of open innovation relationships established between startups and corporations, objectively, based solely on this data.
The Ranking, in this year’s edition, expanded its barriers and became LATAM and will reward startups and corporations from Colombia, Argentina, Mexico, as well as startups and corporations.