Deep Dives

BSH Startup Kitchen’s Recipe For Success

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Article Summary:

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.

About the author

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.