webtomorrow - the quest for the best strategic response to the changing market - thomas van halewyck
TRANSCRIPT
THOMAS VAN HALEWYCK
CO-FOUNDER AND MANAGING PARTNER
The quest for
THE BEST STRATEGIC RESPONSEto the changing market
Technological growth is outpacing us.
Big corporations struggle to keep up with waves of new customer needs
Startups disrupt and outpace corporates with a dazzling speed
In 9 years, reached double the market value of the 60 years old
With very low cost and resources, startups create a huge impact
When acquired by for $1 billion, had a team of only 13 employees
Their small and agile structure allows them to enter untouched markets
Their targeted approach allows startups to get closer to customer needs
Corporate structures force innovation to swing back and forth
Innovation projects are still too much tied to corporate strings
Corporate startup initiatives fail due to lack of methodology
What’s the best strategic response to keep up with the changing market?
September, 2016
for $3.3Bill ion
for $1Bill ionJuly, 2016
for $1Bill ionFebruary, 2017
innovation.+
Bill ion acquisition?
Corporations should not only invest in, but collaborate with and develop startups.
Corporate Venturing as the key to speed innovation.
Corporate Venturing Why?
speed new business potential
window on the market
RISK
risk mitigation
culture
Corporate Venturing How?
CORPORATEVENTURING
- toolkit -
Phases of innovation
Use of Capital
Idea / technologyDISCOVERY DEVELOPMENT DEPLOYMENT
Hig
hM
od
erat
eLo
w
Start-up Scale up
Venture Development
Incubator
Scouting mission Hackathon Challenge Prize Sharing Resources
Accelerator
Corporate Venture Capital (CVC)
Acquisitions
Strategic Partnership
Corporates are in pole position to develop ventures.
MARKET ACCESS MARKET KNOWLEDGE WORKFORCE
FUNDING ECONOMIES OF SCALE FACILITIES
Corporates just don’t believe in their own people.
The answer is to nurture intrapreneurship.
Disruption squad with
entrepreneurs
Team members in various
departments
DYNAMICS
20% time
Full-time focus
RESOURCE ALLOCATION
Own headquarters
External location
LOCATION
No reward for extra effort
Equity success fee
INCENTIVE
Governance & research driven
Autonomous & grow while doing
PROCESS
IP full ownership
Joint IP ownerships
OWNERSHIP
Main brand
New brands
COMMUNICATION
DYNAMICS
RESOURCE ALLOCATION
LOCATION
INCENTIVE
PROCESS
OWNERSHIP
COMMUNICATION
Disruption squad with entrepreneurs
Full-time focus
External location
Equity success fee
Autonomous & grow while doing
Joint IP ownership
New brands
Beat yourself at your own game.
Dare to disrupt from the inside out.
