Fortune 500 corporations are stressed about where they can get growth and how to plug into the innovative and nimble entrepreneurial ecosystem. The chasm between the typical Fortune 500 company and a startup is typically too vast for a standard partnership. So the large company needs to build the equivalent of a standard API to handle the significant number of startups with which any given large company can work.
The most common ways in which the Fortune 500 are working with the startup community at scale is through corporate VC arms, contests, packages of benefits geared to startups, and accelerator programs.
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