6 examples of consultancies working with innovative start-ups.
The very nature of consulting firms is that they strive to understand today’s innovation trends in order to gauge the future. Consultancy collaborations with start-ups might be seen as a natural outcome of such strategies. Several big consulting firms have embraced partnering with start-ups from a wide span of industries. The background and goals of some of these alliances have been reviewed in an array of professional publications.
Examples of Consultancies Collaborating with Start-ups
A.T. Kearney -- A.T. Kearney recently collaborated with the start-up seed funding entity, Berlin Technologies Holding. This alliance allowed A.T. Kearney to use its industry expertise and existing client base in order to interact with the start-ups that are under the guidance of Berlin Technologies Holding.
Bain & Company -- Bain & Company appears so focused on start-ups that they partnered with the start-up database, CrunchBase, in order to offer their analytical expertise to CrunchBases’s vast data. The collaboration may help Bain to offer clients insights on which technological trends may be experiencing early traction.
BCG -- Consultancy.uk reported that consultancies may be so involved with start-ups because they are in pursuit of the next “unicorn.” In particular, BCG teamed up with Hello Tomorrow, which is a non-profit organization that helps to support technology oriented startups. BCG will be supporting Hello Tomorrow regarding their efforts to run competitions for various start-ups, in order to inspire innovation.
Capgemini -- Regarding Capgemini’s interaction with start-ups, they indicate that they offer a three-fold benefit to the startup community with their collaborations: immediately gain more insight on what clients want, a solid go-to-market strategy and helping to enable new ideas regarding IT platforms.
Deloitte -- Deloitte and blockchain start-up Colu partnered to bring the Rubix software platform that allows Deloitte clients to build their own apps. Colu is a start-up that allows users to add metadata to a given blockchain transaction. Other upstart companies involved with Deloitte include Blockstream, Counterparty and Ethereum.
PwC -- Tanium and PwC partnered so that they could help companies secure themselves from cyber attacks. Before PwC had officially partnered with Tanium, they had worked together for two years.
A recent article in Computer Business Review (CBR) actually contended that the collaboration that consulting firms do with financial technology start-ups are helping start-ups to disrupt the industry even faster than they would have done by themselves. Examples provided by CBR include Accenture’s various fintech innovation labs, Ernst & Young’s support of fintech accelerator programs and KPMG’s promotion of the Fintech Innovation Challenge.
Start-up collaborations with consulting firms span an array of industries, including bitcoin, security, fintech, augmented reality, hardware and marketplaces. By being aware of the pulse of the start-up community, consultancies can continuously be alerted about the latest innovations. Start-ups gain benefits in such relationships, as well, since they can gain access to clients that they would have otherwise had difficulty reaching. Thus, a mutually beneficial relationship can be achieved, as evidenced by the constant press on new and fruitful collaborations.
Recommended Consulting Articles:
Image Source: Licensed from Fotiolia.com
InfoDesk helps organizations integrate, manage and share all of their information resources on a single “content neutral” platform. InfoDesk has been providing actionable intelligence to multinational corporations, government agencies and other organizations since 1999. InfoDesk is based in New York with offices in London, Washington, DC and India. Learn more about InfoDesk.