Why Create an Internal Venture Board?
The motivation most often cited for creating an Internal Venture Board is for "Strategic Returns" focusing on any or all of the goals below:
* Increasing the pace of innovation;
* Responding faster to market changes;
* Staying on the cutting edge of technology;
* Better understanding and responding to customer's needs or all of the above.
But unlike traditional venture capital firms, Internal Venture Boards must hold fast to the strategic imperative of investing in opportuities aligned with corporate strategy.
Successful Internal Venture capability starts with a strong team that establishes and executes to a framework that permits a company to gain access to markets with new solutions. Let Global Smarts help you shape that framework and a team for success.
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