UK firms least enthusiastic on working with start-ups, report says

British businesses show less interest in collaborating with start-ups despite a rise in the trend across Europe, analysis suggests.

A roundtable talk in Paris with innovation experts was organised by Sopra Steria to mark the launch of The Open Innovation Report 2023 (Handout/PA)

British businesses are the least enthusiastic in Europe on working with start-ups in the future, new analysis suggests.

Eight out of 10 UK corporations see the value of collaboration with start-ups, with 56% agreeing it is “mission critical”, but almost a third (31%) say they have no plans to do so in the next 18 months.

The figures come from a new survey and analysis by European tech firm Sopra Steria in its Open Innovation Report 2023, compiled with polling firm Ipsos and French business school INSEAD.