WEF & A.T. Kearney, Transforming Business, Driving Growth

To support the development of high-growth, innovation-driven economies across Europe, the Forum has focused for two years on fostering links between young, dynamic firms and large, established businesses.

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This WEF report highlights approaches and strategies that business leaders and policy makers can take to create sustainable, pioneering and innovation-focused collaborations that benefit all parties involved, ensures WEF Website.

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Geneva, Switzerland 5 August 2015 – European companies seeking to innovate should collaborate with young, dynamic firms. If not, innovation could stop being an engine for growth and prosperity for Europe. Those are the main findings of the Collaborative Innovation: Transforming Business, Driving Growth report launched by the World Economic Forum today.

Transforming Global Business Publicado el 19 ago. 2015

European companies and governments are increasingly turning to models of collaborative innovation, whereby established and incumbent companies partner with dynamic start-ups and younger firms, often giving them access to their facilities, network and markets. Examples featured in the report include: ABB and Solar Impulse; BT and RingCentral; Royal DSM and Niaga; and Siemens and Ayasdi.

Sigmar Gabriel, Vice-Chancellor and Federal Minister of Economic Affairs and Energy of Germany, cited the collaboration between large, well-known companies like Volkswagen, Bosch and Siemens, and the “German Mittelstand” as a best practice. “These firms work in large or small associations with market-oriented research establishments,” he said.

Antonio Pires de Lima, Minister of Economy of Portugal, added that collaborative innovation has played a major role in the recent financial and economic adjustment period, contributing decisively to a structural shift in the Portuguese economy and driving a significant gain in competitiveness.

The Collaborative Innovation: Transforming Business, Driving Growth report was produced by the World Economic Forum in collaboration with A.T. Kearney and European Innovation Management Academy IMP³rove.


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This approach is not just good for large companies – collaborative innovation is also a much-needed path to scale for innovative, entrepreneurial enterprises across Europe. Data featured in a recent World Economic Forum report on Alternative Investments show that Europe’s venture capital remains at less than one-fifth that of the US, meaning access to essential growth capital remains difficult for European innovators. In addition, China and India together attracted twice as much venture capital as the whole of Europe, further highlighting the catch-up occurring in emerging markets in terms of innovation vis-à-vis the European Union.

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