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.
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Most Frequent Characteristics Considered When Choosing Between Two (or More) Enablers for a Corporate Venturing Mechanism. Source: Siota, J., Prats, J., Open Innovation: Improving Your Capability, Deal Flow, Cost and Speed With a Corporate Venturing Ecosystem, IESE Business School (2020). The study was conducted in collaboration with Gellify and Acciona.