Let’s say you’ve been charged to design a disruptive approach to inventing, protecting, and commercializing breakthrough technology for your company’s strategic and financial benefit.
To that end, you look to analyze the world-class skills your company would need and how you would objectively score its abilities.
Chances are, the company passes with a good score on the following:
- Brand Credibility
- IP Protection
- Deep Market Insights
- Top-Notch Technical Skills
- Long Term Strategic Thinking
On the other hand, there are some questions that haven’t yielded the best marks for the company:
- Can you operate lean and efficiently?
- Do you have the ability for fast and agile decision-making?
- Is there a willingness to disrupt markets?
- Do you have the ability to focus on both the big picture along with the myriad of details needed for successfully commercializing disruptive technologies?
- Do you have experience in running startups?
To be successful with the mandate you’ve been charged with, there are improvements that will need to be made in some key areas. But how do you do that? Here are your options:
Option 1: Build skill set internally. This could take years and risk distracting you from your core strategy.
Option 2: Hire a consultant to “teach” you to be entrepreneurial. While this is important, it is insufficient and only helps if your internal systems and culture allow entrepreneurs to thrive.
Option 3: Hire entrepreneurs to spin it out as a startup. If you’re paying the bills and controlling it, how entrepreneurial will the startup really be?
Option 4: Collaborate with Innventure. Our strengths fit the bill, and together we can create a powerful capability – a true gamechanger. Plus, we can provide the funding and offer both financial and strategic benefit to you.
