Open Call vs. Targeted Sourcing: What Actually Works in Corporate–Startup Collaboration

✍️ Brief Summary

Corporate innovation teams often launch open calls to find startups — but after collecting dozens of ideas, there’s no follow-up. No deals. No outcomes.

At 2080 Ventures, we tested two models:

  • Open Call: invite startups to apply publicly
  • Targeted Sourcing: go directly to startups that solve specific business problems

The results weren’t even close.

In this issue, I’ll show you what worked, why most programs fail quietly, and how a small shift in approach can make open innovation a real business driver.

📚 Table of Contents

  1. Introduction: Why Innovation Programs Fall Flat
  2. What an Open Call Actually Delivers
  3. How We Tested a Better Approach
  4. The Proof: What Happened When We Switched
  5. Why Most Programs Collect Ideas but Don’t Create Value
  6. What Companies Actually Want from Startup Collaboration
  7. How to Make Startup Matching Work — Every Time

1. Introduction: Why Innovation Programs Fall Flat

You launch an open innovation challenge.

You get 40+ startup applications.

You host a few meetings.

Then… nothing.

No NDA.

No pilot.

No internal follow-up.

Sound familiar?

The challenge isn’t the startups. It’s the process.

Most corporate–startup programs are built for activity, not for business alignment.

2. What an Open Call Actually Delivers

Article content
Open Call Model Open Innovation

The open call model is the most popular way companies engage with startups.

It works like this:

  1. You post a challenge online
  2. Invite global startups to apply
  3. Select a few for meetings

✅ It’s easy to launch

✅ It looks good externally

❌ But most of the time, the startups don’t match the company’s actual needs

Why?

Because the real innovation gaps usually aren’t written down. They live in team meetings, supply chain bottlenecks, and failed internal projects.

So startups end up pitching… the wrong thing.

3. How We Tested a Better Approach

Article content
open call vs targeted sourcing in open innovation

At 2080 Ventures , we worked with multiple Japanese corporates across manufacturing, energy, and consumer sectors. Together, we tested:

Method 1: Open Call

We publicly posted each company’s challenge and invited startups to apply.

  • 45 startups applied
  • 11 made it to meetings
  • 0 moved forward

Method 2: Targeted Sourcing

We interviewed each business unit, defined actual problems, and sourced startups manually that directly solved those issues.

  • 200 startups contacted
  • 14 made it to meetings
  • 4 signed NDAs
  • 1 signed MOU
  • 1 submitted a PoC proposal

4. The Proof: What Happened When We Switched

Here’s the difference in outcome:

Article content

With open calls, startups got meetings but no one moved forward.

With targeted sourcing, every third meeting led to real business action.

That’s not a small difference. That’s a complete change in ROI.

5. Why Most Programs Collect Ideas but Don’t Create Value

Article content
Why Most Programs Collect Ideas but Don’t Create Value

Here’s what usually goes wrong:

  • Generic challenges → produce generic startup pitches
  • No internal interviews → misalignment from the start
  • Overwhelming applications → business units tune out
  • No support post-meeting → momentum dies after the first call

Even programs with high visibility fall into this trap. Without business unit buy-in and startup filtering, innovation becomes a slide deck — not a strategy.

6. What Companies Actually Want from Startup Collaboration

In every project we’ve run, corporate teams want the same three things:

  1. Relevance: Startups solving actual pain points
  2. Efficiency: No time wasted reviewing bad fits
  3. Action: Outcomes like NDAs, pilots, or contracts — not just ideas

Yet, most programs aren’t built for this. They’re optimized for visibility, not conversion.

That’s why targeted sourcing works better. It’s built around what the business needs, not just what startups are excited to pitch.

7. How to Make Startup Matching Work — Every Time

Article content
How to Make Startup Matching Work — Every Time

Here’s how we run a successful open innovation program — whether it’s in mobility, sustainability, AI, or anything else:

🔍 Step 1: Listen Before Posting

We talk directly with the people inside the company who own the problem — not just the innovation team.

🌐 Step 2: Map the Market

We scan the global startup landscape to find what’s already working elsewhere.

🎯 Step 3: Go Direct

We don’t wait for startups to apply. We reach out to the ones that fit.

🤝 Step 4: Curate Meetings

Every meeting is matched by relevance, not randomness. Startups come prepared.

📄 Step 5: Support the Follow-Through

We help with NDA templates, PoC scoping, and internal alignment so nothing gets lost after the first meeting.

Innovation only works when someone owns the follow-through.

If your open innovation program looks active but feels stuck — we can help.

2080 Ventures designs and runs startup matching programs that actually lead to outcomes. We don’t just run events. We build pipelines that convert.

❓ Frequently Asked Questions (FAQ)

Q1. What industries does this work in?

Everything from manufacturing and telecom to finance, climate, and govtech.

Q2. Can you help with startup selection if we already have applications?

Yes. We can help filter and guide next steps—even if your open call is already live.

Q3. Can we combine open call with targeted sourcing?

Absolutely. That hybrid model works great—start wide, then go deep.

Q4. How long does it take to run a program like this?

Anywhere from 3 weeks (sprint) to 10 weeks (structured full-cycle).

Q5. Do you provide templates for NDAs, PoCs, and internal review?

Yes, we provide plug-and-play templates to move fast and reduce legal/admin delays.

Join a growing community of more than 10,000+ readers.

Get access to growth hacks, expert interviews, and evidence-backed advice every week, exclusive downloadable templates and more.

By clicking Sign Up you're confirming that you agree with our Terms and Conditions.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.