- August 21, 2019
- Category: News
CORPORATE VENTURING PILOT 2019
CALL FOR CHALLENGES – (Expressions of Interest)
The Compete Caribbean Partnership Facility (CCPF) invites firms to participate in our Corporate Venturing Pilot.
To get started, you simply need to submit an application outlining challenges (either problems faced at your firm or unrealized opportunities your firm wishes to pursue) that can be addressed through innovation.
What is Corporate venturing?
Corporate venturing is a structured way of facilitating business-to-business (B2B) collaborations between large firms and small ones, including startups.
These partnerships help large firms explore how new technological advances can benefit their core business in a faster and more agile way than traditional R&D while simultaneously helping small innovative firms get market feedback about their innovations and rapidly improve product-market fit.
Why are large companies across the world experimenting with corporate venturing models?
Most firms have difficulty becoming ambidextrous – being efficient in the management of today’s business while also being adaptable through innovation to cope with tomorrow’s changing demands. As a result, the average life span of today’s Fortune 500-size corporation is only 40 to 50 years.
Corporate venturing presents a way of getting the best of both worlds.
Where can I learn more?
How do I apply?
Complete the application form and email to competecaribbean@iadb.org
Final submission deadline: August 31, 2019 (before 6 pm, AST timezone)
