Ep. 152 - Acceleprises Olivia O'Sullivan on Investing in Corporate/Startup Collaboration

Published: June 18, 2019, noon

b"Olivia O'Sullivan is the Head of Corporate Engagement at Acceleprise, a B2B SaaS accelerator.\\xa0Accelerprise invests in early-tech companies building enterprise technology. Olivia's focus is on mid-market and enterprise companies interested in collaborations with startups.\\xa0Her background includes work in advertising and on product and innovation teams for McDonald's and Dow Jones.\\xa0\\n\\nOlivia spoke with Brian Ardinger, Inside Outside Innovation Founder, about corporate/startup matchmaking, trends and Acceleprise's future. \\n\\nKey factors in selecting startups include:\\n - Understanding the founding team.\\xa0Can they solve the challenge?\\xa0\\n - Traction and product market fit.\\xa0Want to accelerate growth.\\xa0\\n - Thresholds and levels of expectations.\\xa0\\n - Collaboration on the product.\\xa0\\n\\nEmphasis on the initial period where you make introductions.\\xa0The missing piece is how to transition into providing impact.\\xa0\\n - Make sure two groups of people are set up to participate with each other and engage in a partnership.\\xa0\\n - Provide long-term strategic support.\\xa0\\n - Innovation doesn\\u2019t happen in a silo.\\xa0Need a long-term strategy.\\xa0Participate in the ecosystem before you see change.\\xa0\\n\\nCorporations are in different places in innovation\\n - Companies wanting roundtables and market intelligence.\\n - Companies with established processes and venture teams.\\xa0\\n\\nNew Trends\\xa0\\n - Ten years ago, there were lots of corporate accelerators.\\xa0Now a lot of established independent accelerators doing great work.\\xa0\\n - Now more meaningful partnership doing co-collaboration with startups.\\n - Financial services companies are partnering with startups.\\xa0\\n - Health tech - Unlocking the power of data in the health world.\\xa0\\n\\nWhat are the core skills for entrepreneurs?\\n - Long-term vision and steps to get there.\\xa0\\n - Someone who will get the work done to get over hurdles.\\xa0\\n - People who are connectors on the corporate innovation side.\\xa0\\n\\nWhat\\u2019s next for Acceleprise\\n - Kick off upcoming programs in SF and NY\\n - Investing in another 20 companies.\\xa0Already invested in over 100.\\n - Opening office in Toronto.\\xa0\\n\\nFor More Information\\nFor more information on Acceleprise or to connect with Olivia check out\\xa0https://acceleprise.vc\\n\\nIf you enjoyed this podcast, you might also enjoy:\\n\\n\\n\\n\\n\\n\\n\\n\\nFind this episode of\\xa0Inside Outside Innovation at\\xa0insideoutside.io. You can also listen\\xa0on\\xa0Acast,\\xa0iTunes,\\xa0Sticher, Spotify, and\\xa0Google Play.\\n\\xa0\\nFREE INNOVATION NEWSLETTER\\nGet the latest episodes of the Inside Outside Innovation podcast, in addition to thought leadership in the form of blogs, innovation resources, videos, and invitations to exclusive events. SUBSCRIBE HERE For information regarding your data privacy, visit acast.com/privacy"