The technology ecosystem is a well-developed one. Big, less agile companies with large coffers, buy or invest in small, innovative startups. It’s a win-win situation. But which startups should they invest in? One startup trying to answer this question for the world’s big corporates is Fuel Up.
Boffins at the Dutch startup have created a platform designed to rank other young companies and match them with big businesses. With figures from the IMF showing larger companies are putting aside 25% of their R&D budget for startup acceleration and incubator programs in 2013, this is a timely project.
‘Fuel Up ranks and matches the right startup with the right business,’ says Chris Dijk, Founder, FUEL UP. ‘This eradicates time wasted sifting through any ‘junk’ whilst simultaneously automating an optimal connection between users.’
The platform is in beta at the moment but already has a number of multinationals on its books such as Azko Nobel, DSM and KLM.
If it takes off, it will save the UK’s blue chip big-wigs from going to Shoreditch on a Friday evening, just to find startup talent (although we do hear Silicon Drinkabout is a right laugh).