Corporations may benefit from establishing their own venture client unit. This serves as a bridge between the startup ecosystem and specific departments looking to incorporate innovative solutions into their procedures. BMW (BMW Startup Garage), Bosch (Open Bosch), and Siemens Energy (Siemens Energy Ventures) are among the companies that have established their own venture client departments.
These units not only specialise in locating suitable businesses, but they also assist in overcoming cultural barriers that can arise when established corporations and young startups collaborate.
Companies, on the other hand, require competence in innovation and startups in order to build venture client units. If this is not yet available in-house, it is best to engage experienced startup specialists and innovation managers or use external service providers rather than have staff rebuild the wheel.