Arnaud Bonzom, the director of corporate innovation from 500 Startups joined us in a conversation on the interesting trend in how major corporations are engaging the startups today. We began with Arnaud’s story from his early days as a trade advisor for the French government to INSEAD and finally to 500 Startups, and what he seek to invest as an angel investor. We dived deep in his report #500Corporations, “How do the World’s Biggest Companies Deal with the Startup Revolution?”. Arnaud discuss the different frameworks and important findings in how multi-national companies are engaging in a variety of ways from US to Asia and how different industries from pharmaceuticals to telecommunications companies utilised different approaches with startups.
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Analyse Asia with Bernard Leong is a weekly podcast dedicated to the pulse of technology, business & media in Asia. They interview thought leaders and leading industry players and gain their insights to how we perceive and understand the market. Analyse Asia is a content partner of TechNode.
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Notes:
- Arnaud Bonzom (@arnaudbonzom, LinkedIn, Slideshare), Director of Corporate Innovation @ 500 Startups
- Story of Arnaud Bonzom
- How did he get started? [0:57]
- In his various roles from trade advisor for the French government, assistant director for corporate partnership development to current role in 500 Startups, what are the interesting career lessons learnt? [2:19]
- Arnaud have also been an angel investor in the Singapore ecosystem, what are his thoughts on the startups that he have invested? [3:02]
- Healint [3:32]
- Garuda robotics [4:16]
- What is the criteria for founders and startups that Arnaud look in to invest as an angel? [5:17]
- #500Corporations, “How do the World’s Biggest Companies Deal with the Startup Revolution?” with Serguei Netessine, INSEAD (personal site). [6:15]
- What is the intention of the report? [6:33]
- Who is the target audience? [7:27]
- How do corporations engage startups, and what are the 8 ways which you have discussed in your report? [7:50]
- Events [8:26]
- Support Services [8:35]
- Startup Programs, e.g. Microsoft BizSpark [8:50]
- Co-Working Spaces e.g. Johnson and Johnson [9:08]
- Accelerators and Incubators [9:30]
- Spinoff [9:54]
- Investment – Corporate Venture Capital [10:15]
- Mergers and Acquisitions (M&A) [11:18]
- In Asia, any specific examples?
- Telstra with muru-D in Australia and Singapore. [11:55]
- DBS bank [13:27]
- Baidu and Toyota in Silicon valley [13:47]
- What are the essential key findings of the report? [13:54]
- US is not in the top 5 countries with corporations engaging with startups. [16:05]
- At least 1 corporation is involved in investment to every unicorn valuation. [17:02]
- What are the recommendations that the report advise corporations on engaging startups? [18:50]
- What are the challenges for corporations to work with startups? [19:11]
- Industry breakdown of Forbes 500 and how they engage startups. [21:25]
- Pharmaceuticals [22:05]
- Telecommunications company [23:01]
- Why Coca Cola invest in Spotify [25:03]