Corporate Venturing: De-Risking Startup Innovations Through Squads & Ecosystems
Corporations are under extra pressure to innovate faster with tighter budgets. An opportunity or resource today may be gone in 30 days. Global market volatility has intensified between two to six times in past months, according to proxies such as the CBOE Volatility Index. Companies are also struggling to beat more competitors hunting the same top-tier entrepreneurs: the number of firms collaborating with startups (so-called corporate venturing) has increased fourfold since 2013.
What can we learn from companies such as BNP Paribas, Samsung and Volvo to make corporate innovation efforts less risky, faster and more cost-effective? Based on almost 100 interviews with chief innovation officers – and those in related roles located in Asia, America, and Europe – our recent study found three takeaways addressing this question. Discover the lessons learnt. Lastly, the attendees will receive access to a IESE study on this topic.
Jihong Kim, Managing Director, Samsung Ventures America
Prof. Mª Julia Prats, Professor Entrepreneurship and Academic Director of Entrepreneurship and Innovation Center, IESE Business School
Wouter Remaut, M&A Advisory, BNP Paribas, and former CEO of Co.Station
Josemaria Siota, Executive Director of Entrepreneurship and Innovation Center, IESE