‍ XRC Labs is a venture capital firm and accelerator for startups in retail tech, consumer goods and healthcare consumerisation. Under this model, the emphasis is on the monetary side of the offer, with the main proposition being the injection of capital to accelerate growth. They also facilitate connections with partners to help startups scale.

Funding-driven acceleratorįunding-driven accelerators provide startups with mentoring, business support, and funding. To achieve this goal, it leverages LG’s global innovation ecosystem, strategic partnerships, investment teams and industry collaborations to help ventures thrive. LG NOVA seeks to fuel innovation at LG by creating, nurturing and growing new businesses. build, partner, invest) to the needs and requirements of each case, the segment they want to enter and the available opportunities. Hybrid venturing hubs combine the assets of innovation tools like CVCs, accelerators, venture builders, etc., into one vehicle for growth. They accelerate startups, providing them with access to a broader corporate network, industry expertise and collaboration opportunities within the global Porsche ecosystem. Porsche Ventures partners with and invests in innovative startups that are still in their early growth stages. In return, startups gain access to funding, corporate assets, expertise and a broader ecosystem. The main strategic goal is to take an equity stake in startups with new technologies or business models and leverage them to enter new markets. Smart CVC units invest in startups not only to gain financial returns but also as a way to foster growth beyond the parent company’s core business. Startup products, technologies and services are identified before they reach market maturity and used to solve critical challenges across the organisation. It acts as a matchmaker, assessing the innovation needs of different BMW business units and finding the right startup partners to provide solutions. Venture client units enable corporations to become early adopters of a startup’s product or service (before it reaches market maturity), feeding its growth and enabling it to improve its offering by providing valuable user feedback.īMW Startup Garage is BMW group’s own venture client unit, credited with creating the model. There are nine types in total: Venture client unit They’re leveraged by companies all over the globe in almost every sector, from pharma to fintech to fashion and beyond. Traditional innovation archetypes are present across multiple industries. With that goal in mind, let’s take a closer at how these innovation building blocks work. Using different building blocks as jumping-off points will enable you to create an approach tailored to your unique corporate vision and targets. Emergent archetypes: Disruptive strategies that embrace radical new perspectives, such as incubating people as the central element of growth or harnessing web3 financial dynamics to drive growth.Innovative archetypes: Refined strategies that go beyond traditional approaches, seeking new and creative ways to interact with an ecosystem or replace startups with alternative sources of innovation.Traditional archetypes: Strategies that lay a strong foundation for growth through connections and collaborations between startups and corporates, or between corporates and ecosystems.

To make them easier to navigate, I created this guide with our Head of Ventures, Jeroen van den Boom, categorising them into three groups: While you may already be familiar with traditional building blocks like incubators, venture studios and venture client units, several newer strategies have popped up in the last few years.

Art blocks archetype