Disruption isn’t coming, it’s here, and has been for quite some time. In the last 20 years, 52% of Fortune 500 are no longer on the list. More than half that turnover has happened since 2009 and it’s not slowing down (source: Yahoo Finance). It’s not like companies don’t know this but what many are blind to is navigating this disruption at the speed necessary to adapt and innovate. This could lead companies to be viewed as no longer relevant, and as General Eric Shinseki said, when he was Chief of Staff of the Army, “If you dislike change, you’re going to dislike irrelevance even more.”
One way clients of TechNexus Venture Collaborative have handled the increasing speed of change is by engaging start-up ventures early on. Where the breakdown occurs is when traditional or stale approaches to working with ventures happen. First, companies try venture day, sponsor a hackathon, or entrepreneur pitch day. Clients tell us these aren’t very successful at producing any type of return, and worse, prevent them from charting a successful course for change. So, as a corporation how can early-stage ventures be engaged?
That’s where we come in. Companies with an ambition to generate new revenue streams, create new products, or gain more market share hire TechNexus to help them do this by engaging early-stage ventures. We do so by working with them to build an ecosystem of ventures around them to continuously feed them innovative product and market ideas, which they in turn can commercialize if they choose to. Companies that have created these venture ecosystems have seen an IRR of more than 40% and in some cases created over $1,000,000,000 USD in new revenue streams.
If this sounds like a future you want, let’s have a conversation. We’d love to listen and learn what outcomes you and your fellow executives are out to produce and share what we’ve learned working with your peers.
Email phil@technexus.com for more information or to schedule a conversation.
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TechNexus Venture Collaborative, helping leading corporations and ambitious entrepreneurs work together to create new business models, new revenue streams, new products, and markets. Learn more at technexus.com.
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