Connect with us

How To

What is internal and external Corporate Venturing: definition and examples

At a time when the entrepreneurial ecosystem is in full evolution and in which innovation becomes an element that provides differentiation and competitiveness, Corporate Venturing was born . A new form of corporate entrepreneurship that many companies are beginning to apply to streamline innovation processes through direct connection with entrepreneurs and startups, which allows them to attract talent, technology and new business models.

The data provided by the Boston Consulting Group reveals that the ROI of companies that use Corporate Venturing in their R&D processes is 2.6% higher than the average. In Spain it is still a very new process, but in the United States more than 57% of companies have already incorporated it as one more methodology.

Find out what Corporate Venturing is and how companies apply this new tool for innovation.

Related Posts:

  • Trends that entrepreneurs cannot miss in 2019
  • How many innovation ecosystems are there in the world?
  • Steps to undertake in the FinTech sector and not give up in the attempt

Index of contents

Advertisement
  • What is Corporate Venturing
    • Objectives of Corporate Venturing
    • Corporate Venturing tools
    • Internal Corporate Venturing (Corporate Entrepreneurship)
    • External Corporate Venturing (Corporate Entrepreneurship)
    • Examples of Corporate Venturing
  • IEBS Corporate Venturing
    • Do you think your startup can promote innovation in companies?

What is Corporate Venturing

Corporate Venturing is a new hybrid innovation model. It combines the research actions of companies with the best of the current ecosystem of entrepreneurs and startups.

This method aims to promote an open innovation system and is in line with the current trend of Open Innovation, through which companies seek innovation and talent, both within and outside their organizations.

Objectives of Corporate Venturing

The main objectives of a Corporate Venturing strategy are:

➡️ Explore new technologies and business models with the intention of developing new strategic ideas.

➡️ Renew the corporate culture of the company, looking for a business environment closer to entrepreneurs.

➡️ Attract new talents.

Advertisement

➡️ Develop a more attractive brand for the company’s stakeholders (partners, suppliers, clients, society in general, etc.).

➡️ Incorporate new capabilities to reach new markets and / or products.

➡️ Reduce problem solving times through the application of agile methodologies.

Corporate Venturing tools

To promote and accelerate innovation, Corporate Venturing performs a diagnostic process and applies the most appropriate tools, both internal, Internal  Corporate Entrepreneurship, and external, External Corporate Venturing . All of this through incubators, accelerators and even investment and the purchase of startups.

Some of the tools that Corporate Venturing proposes to use to promote innovation in companies are:

Advertisement

➡️  Hackatons: intensive sessions of two days of work in which a business problem is exposed to a group of about 50 participants, who come together to find the best solution.

➡️  Challenges for employees:  the business challenge is made known to a group of participants through a digital platform so that they find a solution. These groups can be made up of companies, individuals, research groups, etc.

➡️  Incubation of ideas:  the company generates an idea selection process for the subsequent validation of the business model, providing mentors and physical workspaces. 

➡️  Partnership:  strategic agreements between the startup and the company to share resources and transfer knowledge. 

➡️  Venture Capital: creation of a Venture Capital Company belonging to the company and with the capacity to invest capital in exchange for equity of startups with validated business models. 

Advertisement

➡️  Acquisition of startups: search for startups that meet certain criteria of technology, maturity and team.

Internal Corporate Venturing (Corporate Entrepreneurship)

We speak of Internal Corporate Venturing when the tools and resources used by the company to develop its innovation arise from the organization itself, either from its R&D departments or from the creation of technological startups itself.

External Corporate Venturing (Corporate Entrepreneurship)

We refer to External Corporate Venturing when we talk about the external collaboration that companies require to have sufficient capacity to drive their innovation. For example, having the technology developed by startups, accelerators or incubators to apply it in their innovation and development processes.

Examples of Corporate Venturing

In Spain we can talk about the fact that large companies are beginning to see clearly that innovation, through maintaining the connection with the world of startups, is increasing, let’s see some examples:

  • Mercadona: with its Lanzadera accelerator it takes clear positions in this market.
  • BBVA: With its acquisition strategy in the Fintech sector, it is sending a clear message that the old world is catching up.

Internationally, there is also one of the most famous examples, that of Google, which with its Corporate Venturing, has invested in more than 350 startups in recent years.

IEBS Corporate Venturing

The IEBS business school is the first digital business school in Spain to introduce the Corporate Venturing method. It has done so to create IEBS Corporate Venturing , a  consulting and innovation service that seeks to help organizations in their innovative process through different tools related to the entrepreneurial ecosystem and startups.

Advertisement

Pascual Parada, director of IEBS Corporate Venturing, assures that “this year 2017 will be the strengthening of the collaboration between startups and consolidated companies”.

The application of Corporate Venturing allows IEBS to advise companies in the exploration of new technologies and business models, evolving their own corporate culture towards a new context that prioritizes  creativity, innovation, agility, risk management and recruitment of talent.  

Through the application of Corporate Venturing, particular strategies are defined for each client (a technique called Venturing Strategy), which must be integrated with the global strategy of each company.

With this initiative, which is part of the strategic plan in the areas of innovation and entrepreneurship, the school reinforces its intention to continue betting on innovation and the development of the entrepreneurial ecosystem.

You can discover with this Webinar «How to Innovate through Corporate Venturing?

Advertisement

Do you think your startup can promote innovation in companies?

Download for free the first eBook «The Corporate Venturing Guide» in Spain. And if you have a startup or are looking to innovate through the entrepreneurial ecosystem, you are interested in knowing the services that IEBS offers on   Corporate Venturing.

IEBS Corporate Venturing

There are other ways to create innovation

I want to know more!

Leave your vote

Continue Reading
Advertisement
Click to comment

Leave a Reply

Il tuo indirizzo email non sarà pubblicato. I campi obbligatori sono contrassegnati *

How To

How much does a Pharmacist earn in Brasil

Find out the pharmacist’s starting salary and how much this professional can earn. See also good colleges to pursue this career!

The pharmacist is a professional with a higher degree who works in the health area, being able to research, develop, produce, manipulate and select medicines, assume technical responsibility in pharmacies, drugstores, distributors, hospitals and laboratories, research and control the quality of derivatives of the blood, technically analyze and issue reports in the food industry, in addition to acting as a professor or researcher at universities.

There are more than 70 pharmaceutical activities that this professional is authorized to perform. Hospitals, laboratories, pharmacies, medicine, cosmetics and food industry, agriculture, pest prevention, drug distribution, public and inspection agencies are some of the options in areas where the pharmacist can work.

The job market for pharmacists is promising and expanding.

Professional Minimum Salary of the Pharmacist

Pharmacists do not have a single professional minimum wage throughout Brazil. The pharmacist’s salary floor is defined in each state by collective agreements and agreements signed in the unions and may vary according to the dedication (number of weekly hours), the function performed and the sector in which the professional works. Here are some examples:

Advertisement

Union of Pharmacists of the State of Goiás

  • BRL 3,477

Union of Pharmacists of the State of São Paulo:

  • BRL 3,629

Union of Pharmacists of the State of Paraná:

  • BRL 2,020

Sergipe Pharmacists Union

  • BRL 2,811

Pharmacist’s average salary

The national average salary for pharmacists, according to a survey on the job site Catho, is around R$ 2,700. See below for other salaries for some positions held by these professionals:

  • Biochemical Pharmacist: R$2,806
  • Pharmacist: BRL 2,817
  • Pharmacy Supervisor: BRL 2,950
  • Hospital Pharmacist: R$ 3,011
  • Laboratory Coordinator: BRL 4,253
  • Pharmacy Manager: BRL 3,488
  • Industrial Pharmacist: BRL 2,592

About the Pharmacist’s Career

The pharmacist’s profession was regulated in 1931. To practice it, you must have a university degree and be registered with the Regional Council of Pharmacy of the state where you work. It is very important that the diploma for a university degree in Pharmacy is recognized by the Ministry of Education (MEC). Only then will it be possible to obtain professional registration.

So, if you are thinking of studying Pharmacy, keep an eye on this information and look for a recognized and well-regarded faculty by MEC. Anhanguera and Cruzeiro do Sul are some examples, but you can see a more complete list at the end of this text.

The market for pharmacists in Brazil is favorable and expanding. The generic drug law, the requirement that there is a responsible pharmacist present in pharmacies and drugstores, the expansion of public health policies, such as pharmaceutical assistance in the Unified Health System (SUS), the lack of professionals in new fields of research , mainly biotechnological medicines, and the growth in the production of homeopathic remedies are some of the factors that favor the employability of pharmacists in the country.

The pharmaceutical sector has one of the highest occupancy rates, with almost all professionals employed in the field. A survey by the Institute for Applied Economic Research (Ipea), released in 2013, indicates that 94.30% of all Brazilian pharmacists are working. Another survey by Ipea places pharmacists in the ranking of professions that generated the most jobs in recent years. There were 13,897 new vacancies created between 2009 and 2012.

In addition to clinics, laboratories, research institutes, universities, public agencies and industry, pharmacists have a series of new possibilities for action. An article published in Exame magazine about promising careers in the pharmaceutical sector highlights six new positions with good pay:

Advertisement
  • Public Market Access Manager: handles bids and can win up to R$25,000.
  • Private Market Access Manager: mediates the relationship between the pharmaceutical industry and private health establishments (hospitals, insurance companies, etc.). Salaries of up to R$25 thousand.
  • Pharmaeconomics Manager: studies the economic and social impacts of drug treatments and can earn up to R$ 10,000.
  • Medical Science Liasion (MSL): liaises with health opinion makers to exchange information on pharmaceutical studies and research prior to drug launches. Earn up to R$ 18 thousand.
  • Medical Education Manager: advises physicians on the use of complex medications. You can earn up to R$ 20 thousand.
  • NGO Manager: advises non-governmental organizations on treatment options. Salaries of up to R$ 15 thousand.

Due to the large number of new drugs launched every year and changes in legislation, the practice of the pharmacist profession, regardless of its area of ​​expertise, requires constant training and updates. Congresses, seminars and specialization courses are essential to achieve and maintain a good position in the labor market.

According to the Federal Council of Pharmacy (CFF), there are about 67 thousand pharmacists active in the country, and more than 97 thousand establishments such as pharmacies and drugstores. Also according to the CFF, every year 8,000 new pharmacy professionals graduate in Brazil.

Leave your vote

Continue Reading

How To

How Much Does a Psychiatrist Make in Brasil

Do you know how much a Psychiatrist earns? Learn more about this professional’s career, job market and average salary!

The Psychiatrist is the physician responsible for the diagnosis, prevention and treatment of mental disorders and behavioral disorders.

Brazil suffers from a great lack of Psychiatrists, despite the good salaries offered in the area. Mental illnesses, according to the Brazilian Psychiatric Association (ABP), are among the biggest causes of emergency care in the country. The ABP also estimates that around 20% of the world’s population may suffer some mental illness during their lifetime.

In other words: the field for this professional is wide and should increase even more in the coming years.

See below how much a Psychiatrist earns and discover the market trends for this profession!

Advertisement

Psychiatrist’s Minimum Professional Salary

Psychiatrists do not have a professional minimum wage or a single wage floor valid throughout the country.

A bill (2750/2011) in progress in the Chamber of Deputies seeks to set the salary floor of doctors at R$ 9,000, with annual adjustments. This project intends to transform Law No. 3999, of December 15, 1961, which established the salary floor for medical professionals, including Psychiatrists, in three minimum wages for a 20-hour workweek. This Law has been in effect for almost 60 years!

On the other hand, the National Federation of Physicians (Fenam) recommends a salary almost five times higher than that established by law: R$ 14,134 for 20 hours of work per week. This value currently serves to guide collective agreements and negotiations of the category by unions and try to reduce the salary inequalities of doctors in different regions of the country.

Average Salary of a Psychiatrist

Catho’s Online Salary and Benefits Survey shows that the Psychiatrist earns an average salary of R$5,869 .

The National Employment Site (Sine) brings a more encouraging perspective for Psychiatrists, with salaries ranging from R$4,200 to over R$20,000!

Advertisement

Check out some salary averages presented by the BNE, organized by time of experience and size of the institution where the professional works:

Junior Psychiatrist (2 to 4 years of experience)

  • Small business: BRL 6,200
  • Medium company: BRL 8,000
  • Large company: BRL 10,400

Full Psychiatrist (4 to 6 years of experience)

  • Small business: BRL 7,700
  • Medium company: BRL 10,000
  • Large company: BRL 13,000

Senior Psychiatrist (6 to 8 years of experience)

  • Small business: BRL 9,600
  • Medium company: BRL 12,500
  • Large company: BRL 16,200

Master psychiatrist (more than 8 years of experience)

  • Small business: BRL 12,000
  • Medium company: BRL 15,600
  • Large company: BRL 20,300

It is important to emphasize that most doctors usually have more than one job (their own practice, shifts, part-time in hospitals and clinics, etc.) and therefore have several sources of income . Actual earnings can be much higher than the wages reported here.

About the Psychiatrist Career

Are there approximately 8 thousand active psychiatrists in Brazil? a number considered low considering the country’s population. About 80% of these professionals work in the South and Southeast regions. There is a great lack of Psychiatrists in the North and Midwest, which together account for only 8.72% of the total of these doctors.

Psychiatry is an area in continuous growth. As science unravels the mysteries of the human brain, new disorders are identified and new forms of treatment emerge.

The work perspectives for the Psychiatrist are wide and the performance of this professional will be vital for humanity in the coming years. The World Health Organization estimates that by 2020, depression will unfortunately be the second biggest health problem in the world, second only to heart disease.

Advertisement

Meanwhile, diseases such as schizophrenia, anorexia, panic disorder and obsessive-compulsive disorders are being diagnosed more frequently.

In summary: whoever chooses to pursue a career in Psychiatry will have a lot of work ahead of them!

How to Become a Psychiatrist

To become a Psychiatrist, you must complete a six-year medical course and then enter a three-year Medical Residency or Specialization in Psychiatry.

The Medicine course is among the most popular in Brazil and can be found in the main public and private universities in the country.

Leave your vote

Advertisement
Continue Reading

How To

How much does an Interior Designer earn in Brasil

Find out the interior designer’s starting salary and how much this professional can earn!

The interior designer is a professional connected to the field of architecture. Its function is to plan and organize internal spaces, whether commercial, residential or industrial, selecting materials, accessories, finishes and lighting, among others, reconciling factors such as aesthetics, ergonomics, practicality, comfort and adequacy to the client’s budget. The interior designer selects suppliers, provides advice to the client and is responsible for meeting the project schedule.

When preparing a project, the interior designer uses a specific methodology, which includes a survey of the client’s needs, research and adaptation to the building’s structure, location and how that environment will be used, among other items.

This professional can work as a self-employed person or in companies such as:

  • Builders
  • real estate
  • Design and architecture offices
  • Interior design companies and offices
  • Furniture and decoration stores
  • Malls, fairs and commercial establishments in general

The market for interior designers is wide and employability in the area is high.

Interior Designer Salary Floor

Interior designers do not have a defined wage floor or professional minimum wage.
Specialized websites and information provided by interior design schools speak of starting salaries of approximately R$1,000 for these professionals.

Advertisement

See the category floor in some states:

  • Bahia: BRL 1,770
  • Ceará: BRL 1,244
  • Maranhão: BRL 1,817
  • Rio de Janeiro: BRL 2,182
  • Federal District: BRL 2,382

Interior designer’s average salary

The interior designer’s remuneration varies a lot according to the city where he works, the type of project he carries out, his experience and qualifications.

The survey by the job site Catho indicates that the average salary for an interior designer is R$ 2,140. On the National Employment Site (Sine), the national salary survey shows an average that varies between R$ 1,552 and R$ 3,911, depending on the professional’s experience and the size of the contracting company.

About a career in Interior Design

There is a bill in progress to regulate the activity of interior designers, PL 4692/12. The purpose of this bill is to define that the profession of interior design is exercised by those who have qualifications in the area (bachelor, technologist, technician or professionals with a higher degree in related courses who have been engaged in the activity for at least two years).

As the profession of interior design is not regulated, there is no legal obligation to have a diploma to work in the area. However, investing in training courses, whether at a technical level, improvement, or higher education, increases the chances of getting and keeping a good job in the area.

In Brazil, there are 96 interior design courses authorized by the MEC: 90 technological, 2 sequential and 4 bachelor’s degrees. There are also technical-level interior design courses.

Advertisement

The interior designer has a vast field of activity, being able to teach in schools, set up his own office, provide consultancy or work in design and architecture offices. Designer furniture and home decor stores are the biggest employers of interior designers.

This professional can develop projects to:

  • Hotels
  • clinics
  • Business
  • booths
  • Individuals
  • architects
  • Construction Companies and Real Estate
  • Public agencies
  • schools and universities
  • Industry
  • Bars and restaurants
  • corporate market
  • theaters
  • Movie theaters

The growth of the real estate sector boosted and heated up the job market for interior designers, offering more vacancies and better salaries for these professionals. Experts point out that projects that take into account the sustainability and accessibility of environments are on the rise, as is the luxury market.

Leave your vote

Continue Reading

Trending

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.