“Reverse Shark Tanks”: A New Method for Connecting Start-ups for Scale-Up

Mette Præst Knudsen, Marianne Harbo Frederiksen*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

Abstract

This paper presents a new method for connecting start-ups in particularly highly volatile and uncertain market conditions with potential customers to enable their mutual co-creation of new innovative solutions targeting specific needs of their potential customers. The method is coined reverse shark tanks inspired by concepts like the Lions Dent. The goal of this paper is to investigate the expediency of reverse shark tanks for start-ups to qualify their innovative ideas and solutions and to gain access to potential customers for future co-creation efforts. The potential customers are typically larger firms in search for innovative solutions that fit their specific needs. However, these firms typically have a hard time identifying the providers capable of meeting the specific challenges. The paper contributes to the existing literature on innovation and business modelling by developing a new method to facilitate the meeting and the establishment of co-creation relationships
Original languageEnglish
Title of host publicationISPIM Conference Proceedings
Number of pages12
Place of PublicationManchester
PublisherISPIM
Publication date7. Apr 2019
Publication statusPublished - 7. Apr 2019
EventISPIM Connects Ottawa: Innovation for Local and Global Impact - Ottawa, Ottawa, Canada
Duration: 7. Apr 201910. Apr 2019
https://www.ispim-connects-ottawa.com/

Conference

ConferenceISPIM Connects Ottawa
LocationOttawa
Country/TerritoryCanada
CityOttawa
Period07/04/201910/04/2019
Internet address

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