When a corporate adopts a startup(s) that is working in its area or allied areas of business, then it results in a win-win for both. Startup(s) get support from the corporate(s) and they will develop products or services which cater to the needs of the corporate, become part of the supply chain, or devise newer technologies for better efficiency and productivity. Corporate(s) in turn get disruptive technologies/solutions leading to revenue boosts. In due course of time, they may also plan for investing substantially in the startup(s) and help them stand on their feet.
Recognising the multiplier impact this partnership can deliver, CII instituted the ‘CII Startupreneur Awards’ to forge business partnerships between corporate(s) and startup(s) for mutual business interests. Corporate(s) choose startup(s) for awards based on their business interest. The awards are given to startup(s) for excellence in cutting-edge technology and innovation, wealth creation and employment generation.
CII’s Startupreneur Awards in its 3rd edition has enabled over 40 such Corporate – Startup partnerships benefiting both the stakeholders.
Looking to partner with Startups
The specific sector or problem areas for which a corporate would like cutting-edge concepts or designs from startups