Let’s set the scene first. Corporate venturing is not new — dates back to the eighties. In recent years, the topic has been gaining ground within large companies and corporations, as evidenced by the many initiatives flourishing in many groups (CVC funds, corporate incubators, hackathons, innovation labs, etc.). This shows that external innovation is not an option anymore but a business imperative and a matter of survival. Today’s world needs innovation, especially in these troubled times. The world needs positive innovation and speed, and frictionless innovation flows create better opportunities at scale, not only for the sake of companies, but for the whole society.
Innovation-at-scale almost always passes through corporate innovation. Small, agile organisations are required to spark new ideas and technologies, while industrial power is required to industrialise them. We need the best of those two worlds brought together, so that tech innovation can contribute to solving major societal issues and world problems, provided that enough industrial power is injected into the process. Innovation and industry powers must connect seamlessly and globally, to speed up the world’s transformation.