In recent years, startups have become frontrunners of innovation. Large corporations today are trying to keep up with startups but are falling behind due to long bureaucratic processes. In order to keep up with the startups, corporations collaborate with startups through accelerator programs and acquisitions. The purpose of this study is to understand the decision making process corporations go through when they decide to interact with startups to reach their innovation goals. The study has used a qualitative research approach in the form of a multiple case study to look into the decision making process of larger corporations. Three corporations of various sizes have been interviewed with a total of 5 respondents. The gathered empirical data was analyzed through inter organizational relationships, open innovation and a conceptual framework.  The empirical data in this research displayed that companies use a mixture of strategies, including internal R&D, acquiring startups and corporate-startup collaborations, to reach their innovation goals. These alternatives are evaluated based on factors such as financial gain, feasibility within the organization, and input from different stakeholders, including experts within the relevant fields. Companies are aware of the risks involved, but are willing to take in order to remain competitive, avoid losses and stay innovative. They furthermore tend to choose multiple alternatives to spread their chances for gaining innovative ideas, in order to avert loss and diminish sensitivity. Ultimately, the companies use startup collaborations to minimize losses when acquiring startups, to stay ahead of their competitors, and to help them remain innovative as they grow.

KPMG has recognized that large manufacturing corporates in Sweden are experiencing impaired growth possibilities and have therefore started to turn to startups to help with innovation. Corporates have traditionally focused on growth through product improvement or market expansion but have recently started to shift their focus to acquisitions and partnerships with high potential startups. However, since there are many differences between corporates and startups the collaboration can be difficult to handle, especially when it comes to integration. This study aims to investigate what types of startups large corporates are currently looking to collaborate with and to create a practical framework that can act as a guide to increase the chance of successfully integrating a startup into a corporate's operations. This study is a qualitative study that examines several Swedish manufacturing companies by delving into their specific cases. A thematic analysis, document and literature review is presented, and the results indicate that Swedish manufacturing corporates want startups with technologies that boost digital transformation (AI, IoT, digital twins) to increase predictability, traceability, and optimization. They also want to increase sustainability initiatives in terms of both technologies and materials. This is followed by a framework for how a successful corporate-startupintegration should be done. The results from the study contribute to the work of improving collaboration between startups and corporates and the results from this study can help create economic benefits, promote social sustainability, and address environmental challenges more effectively. / KPMG har uppmärksammat att stora tillverkningsföretag i Sverige upplever försämrade tillväxtmöjligheter och har därför börjat vända sig till startups för att få hjälp med innovation. Företag har traditionellt fokuserat på tillväxt genom produktförbättringar eller marknadsexpansion, men har nyligen börjat skifta fokus till förvärv och partnerskap med startups med hög potential. Då det finns stora skillnader mellan stora företag och startups kan samarbetet vara svårt att hantera, särskilt när det gäller integration. Denna studie syftar till att undersöka vilka typer av startups som stora företag vill samarbeta med och att skapa ett praktiskt ramverk som kan fungera som en guide för att öka chansen att framgångsrikt integrera ett startup i företagets verksamhet. Denna studie är en kvalitativ studie som undersöker flera svenska tillverkningsföretag. En tematisk analys, dokument- och litteraturgranskning presenteras, och resultaten indikerar att svenska tillverkningsföretag vill ha startups med teknik som främjar digital transformation (AI, IoT, digitala tvillingar) för att öka förutsägbarhet, spårbarhet och optimering. De vill också öka hållbarhetsinitiativen när det gäller både teknik och material. Detta följs av ett ramverk för hur en framgångsrik integration mellan företag och startups bör gå till. Resultaten från studien bidrar till arbetet med att förbättra samarbetet mellan startups och företag och resultaten från denna studie kan bidra till att skapa ekonomiska fördelar, främja social hållbarhet och hantera miljöutmaningar mer effektivt