Driving corporate growth through innovation is increasingly a topic for every corporate board. And this is not a new idea - for more than 30 years, corporations have launched initiatives to both commercialize internal innovations and access innovation through the entrepreneurial venture community. While there have been notable successes, these programs are exceptionally difficult to execute successfully within established businesses and corporate cultures. And those corporations that do have existing venturing programs typically follow a path of trial and error.
Just as typically, corporate venturing is a 'top of cycle' activity, experimented with when parent companies are flush with success, and cut back or abandoned - instead of adapting - when there are economic downturns, a change of executive management, or a shift in corporate strategic direction.
Often, this 'start-stop' cycle is repeated more than once in corporations. And the result is that much of what is learned is lost, only to be relearned and rebuilt, with executive sponsorship and strategic focus recaptured again and again. This loss of momentum and innovation value to the corporation is significant, and, for the most part, unnecessary.
That's where BMG comes in. We work with companies that want to manage risk and accelerate growth and innovation through strategically aligned venturing and new business creation programs. Turn to BMG when your company needs to: