Three keys to longevity for corporate venture capital groups

kylefugereOne the biggest knocks against corporate venture capital initiatives is that they are often a by-product of a booming economy and a pet project of the CEO. They’re here today, gone tomorrow.

This reputation, unfortunately, is grounded in some truth, but it doesn’t have to be that way. In fact, a corporate venture capital team can and should be a strategic arm of the larger corporation, helping to evaluate new market trends, advising on new business ventures, striking partnerships, and serving as the de facto innovation group. It’s not an easy task, since each organization has its own intricacies and politics, but there are steps that can be taken to make your corporate VC program lasts — and helps the organization grow.

Below are some of the strategies we have employed at dunnhumby Ventures and are still employing. Dunnhumby is a data science and loyalty company; it is ultimately part of Tesco, one of the world’s biggest retailers, and we invest in innovations in retail.

... continued ...

Gated Message – NO TRIAL (pre-Abacus launch)

Innovation Leader
Want to read the rest? Join Innovation Leader!
Are you responsible for creating new growth in a large organization? We've got you covered. IL members get full access to our research, articles, case studies, live events, webcasts & conference calls, downloadable resources and more. Become a member »

Case Studies, Articles
Members-only online access to articles, case studies, best practices, video tutorials, more.
RESEARCH REPORTS
Exclusive reports on topics including metrics, benchmarking, labs, compensation, and more.
IL Events LIVE EVENTS
Member discounts to our one-of-a-kind, loved-by-participants live learning events.
Il Resources RESOURCE CENTER
Dozens of downloadable checklists, innovation frameworks, spreadsheets, and dashboards.
Learn More & Become a Member