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The Importance of Persistence: Building an Innovation System for the Long-term

The Inovo Group

They reported directly to the CTO. Then a business downturn comes, or a new CEO with a different strategy and mindset, or a corporate re-org, or the leader of the corporate innovation group gets frustrated and quits, or any one of a myriad of other events happens. Strategic mandate – Sustaining or incremental innovation was off limits.

System 53
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Corporate Venture Capital’s Role in Innovation (Part 5): Crucial Lessons to Strengthen CVC Success

Corporate Innovation

Björn Heinz, investment manager at BASF Venture Capital, summarizes his group’s mission as “identifying and supporting startups that are developing disruptive innovations which can be of great long-term benefit to BASF’s business units or R&D units, and providing adequate financial return to the corporation.”.

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Corporate Venture Capital’s Role in Innovation (Part 5): Crucial Lessons to Strengthen CVC Success

Corporate Innovation

Björn Heinz, investment manager at BASF Venture Capital, summarizes his group’s mission as “identifying and supporting startups that are developing disruptive innovations which can be of great long-term benefit to BASF’s business units or R&D units, and providing adequate financial return to the corporation.”.

article thumbnail

Corporate Venture Capital’s Role in Innovation (Part 5): Crucial Lessons to Strengthen CVC Success

Corporate Innovation

Björn Heinz, investment manager at BASF Venture Capital, summarizes his group’s mission as “identifying and supporting startups that are developing disruptive innovations which can be of great long-term benefit to BASF’s business units or R&D units, and providing adequate financial return to the corporation.”.