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A growing number of large corporates, such as global appliance maker BSH, are moving away from accelerators. “We closed ours down,” says Munich-based BSH Startup Kitchen Venture Partner Ion Hauer. Instead of working with Techstars, BSH Startup Kitchen has adopted a startup partnering model, which Hauer calls a form of intelligent procurement. “We pay startups like suppliers for their products and solution and don’t invest,” he says. “It is a very clean model.” One, he says, that has turned out to be a recipe for success.