Opportunities for startups to engage with established companies in Munich.
A key element of all programmes is engagement with corporate partners. This could include an introduction to key decision-makers, mentoring or training by executives or employees, access to corporate assets such as technology, or sales channels, co-creation sessions, or pilot projects which can be guaranteed or optional.
Most programmes run for around 12 weeks, while some offer their services from 12-24 months, depending on what commitment the corporate partner requires. It is noticeable that programs don‘t take equity from the startups.
All programmes offer to mentor or train startups, often leveraging the respective corporate‘s employees and executives to pass on their experience and knowledge. Other founders and investors are often included as mentors. All programmes provide network access, which can be key to decision-makers and key players in the corporate partner organisations, in the relevant industry or in the entrepreneurship ecosystem. Some programs offer project finance which can be a fixed amount or the budget for a pilot project. Almost all programs offer office space in Munich to participating startups.
Established companies have discovered the potential of collaboration with startups and, therefore, programs to foster this engagement have sprung up over recent years. In collaboration with MUNICH INNOVATION ECOSYSTEM, UnternehmerTUM Business Creators have set out to create an overview of what these programs offer and what sets them apart. We have compiled information about 15 corporate startup programs in Munich, which we define as programmatic approaches in which startups can engage with established companies – for example corporate accelerators or Venture Clients. Most programs focus on specific topics around the core business of the corporate partners. From beverages to insurance to space, the programs are as diverse as the corporate landscape in Munich.
Every collaboration makes our network, and Munich, more exciting and more attractive, thereby inviting and inspiring new talent.