For Venture Clienting to provide the greatest strategic advantage from startups, access to the appropriate resources is essential. Only a small percentage of businesses currently have specialised corporate venturing units with experts and funding. However, since Venture Client Units speed up the process of issuing purchase orders, which is critical for startups, it is imperative to integrate these functional areas in order to ensure smooth and effective operations.
Moreover, according to the analysis, a sizable majority of businesses (roughly 75%) rely on these suppliers for their Venture Client solutions and scouting/sourcing services. They help businesses easily traverse the startup scene by bringing their knowledge, networks, and tried-and-true processes to the table. Companies may build a strong ecosystem that maximises the efficiency of their Venture Clienting initiatives by utilising the experience of these external providers and incorporating all pertinent divisions inside the firm.
Being close to the business is essential, as is working with leading startups to jointly identify and resolve their strategic issues. Building a solid network and assigning roles at your Venture Client Unit are additional requirements.
Companies can increase the strategic impact of startups and provide a greater business impact by having the appropriate Venture Client resources and developing the necessary structures.