In this regular series, we deliver key insights into the main branches of the professional services industry and present you with some of the most interesting players of each branch.
Todays topic – Corporate Venture Building
We are living in times, where change is part of our everyday life. It feels like new, ground breaking inventions are presented on a daily basis. This environment leads to the emerging of many new companies and makes it exceedingly difficult for big, established companies to keep up with latest trends.
A relatively new industry promises to help those big corporations to compete with young dynamic companies: Start up – Studios or so called Coporate Venture Builders.
Their promise: Developing a company within a company by combining the existing corporate resources with a dynamic team of outside entrepreneurs and experts. Though having a lot of aggregated expertise, many times the structures of big corporations do not leave a much space for entrepreneurial minds, which leads to the lack of innovation and lastly may result in losing their competitive advantage.
Start up – Studios are often made up from serial entrepreneurs and young professionals who are aware of the latest business trends and are experienced in successfully building new companies. The possible synergies between the corporation and the Start – up Studio can thus be a very powerful one, as their profiles seem to complement each other perfectly.
But who should you chose when building your own Coporate Venture?
The market is still young and non-transparent. On one hand it includes big players such as BCG, McKinsey and Deloitte which are offering the service through their subsidiary companies, on the other hand there are small and medium sized players who all try to convince through slightly different profiles and unique selling propositions.
The following examples show a brief profile of three hand picked Start – up Studios / Corporate Venture Builders.
BCG Digital Ventures
Other Interesting players in this area are:
- Blenheimchalcot – www.blenheimchalcot.com
- Bridgemaker – www.bridgemaker.com
- Bundl – www.bundl.com
- Byld – www.byl.xyz
- Prehype – www.prehype.com
- Outroll – www.outroll.com
- FoundersLane – www.founderslane.com
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