Corporate Venturing: De-Risking Startup Innovations Through Squads & Ecosystems
Entrepreneurship Series - Interactive Session
Corporations are under extra pressure to innovate faster with tighter budgets. An opportunity or resource today may be gone in 30 days. Global market volatility has intensified between two to six times in past months, according to proxies such as the CBOE Volatility Index. Companies are also struggling to beat more competitors hunting the same top-tier entrepreneurs: the number of firms collaborating with startups (so-called corporate venturing) has increased fourfold since 2013.
What can we learn from companies such as BNP Paribas, Samsung and Volvo to make corporate innovation efforts less risky, faster and more cost-effective? Based on almost 100 interviews with chief innovation officers - and those in related roles located in Asia, America, and Europe - our recent study found three takeaways addressing this question. Discover the lessons learnt. Lastly, the attendees will receive access to a IESE study on this topic.
Jihong Kim, Managing Director, Samsung Ventures America
Prof. Mª Julia Prats, Professor Entrepreneurship and Academic Director of Entrepreneurship and Innovation Center, IESE Business School
Wouter Remaut, M&A Advisory, BNP Paribas, and former CEO of Co.Station
Josemaria Siota, Executive Director of Entrepreneurship and Innovation Center, IESE
Please note that spaces are limited for this special interactive session for Alumni members, and prior registration is required. To offer not only insight and discussion, but also peer-to-peer learning and networking, the format will include small breakout rooms for participants to join in on the conversation
Mª Julia Prats is Professor in the Department of Entrepreneurship, and holder of the Bertrán Foundation Chair of Entrepreneurship at IESE.
Prof. Prats's primary area of interest is the entrepreneurial process, which includes the identification, evaluation and implementation of opportunities in any context. Central to this work is developing strategies and systems that help established firms achieve profitable growth. Her second work stream focuses on understanding the key factors in building and managing professional service firms. Over the years she has had the opportunity to develop both areas of interest through teaching, research projects and consulting work.
Prof. Prats was nominated Kauffman Emerging Scholar for her dissertation work and has published in international journals and congress proceedings, both for practitioners as well as the academic community. She has also authored teaching materials and contributions to several books on entrepreneurship and strategy related topics.
She holds a DBA in business administration from Harvard University, an MBA from IESE Business School, and a degree in industrial engineering from the Universitat Politécnica de Catalunya. She has taught at Wharton Business School, IPADE (México), INALDE (Colombia), and AESE (Portugal).