Corporate Venture Building: The Process

Corporate venture building is becoming a priority for many companies aiming for innovation and growth. However, building new businesses is challenging, and the success rate is low. Experts recommend a framework like The Lean Scaleup, which provides crucial success factors to favor unleashing corporate venture building. The framework focuses on creating businesses from validation to scale-up phase, and advocates for aligning innovation units, paying attention to handover points, and leveraging the mother company's assets. Corporate venture builders need to align with the corporate purpose and identify assets to bring them closer, leverage existing corporate assets, plan ahead for scaling, and recruit the right people. A continuous and transparent feedback loop is also crucial for the venture team.