Corporate giant´s collaboration with startups in Latin America

TL;DR

Corporate venture is thriving in Latin America, with increased collaboration between established corporations and startups to drive innovation and generate new sources of revenue. However, there are still challenges such as lack of knowledge and access to opportunities.

Transcript

you okay okay okay thank you everyone for being here my name is Luciano salads I am a the head of corporate venturing and permanent chief of wider Argentina Chile and Peru welcome to the corporate venture in Latin talks this is a webinar about corporate venture in Latin America our report that we made between a wider ETS a business school with the ... Read More

Key Insights

• 👀 Corporate venturing is becoming a vital strategy for companies looking to innovate and generate new sources of revenue.
• 🙈 Latin America has seen a significant increase in corporate venturing activity, particularly in industries such as finance, consulting, and telecommunications.
• 🏛️ Smaller markets can foster corporate venturing by analyzing their innovation ecosystem, building partnerships, and providing incentives for collaboration.
• 🎁 The COVID-19 crisis presents challenges but also opportunities for innovation and collaboration in corporate venturing.

Questions & Answers

Q: Why do companies need to innovate and collaborate with startups?

Innovation is essential for survival in today's fast-paced market. Companies that fail to innovate risk becoming obsolete. Startups offer fresh ideas and agility that corporations often lack, making collaboration crucial for staying competitive.

Q: How can corporates in smaller markets foster corporate venturing?

In smaller markets, it is important to analyze the existing innovation ecosystem. Building partnerships with other corporates, universities, and government institutions can help create a supportive environment for startups. Incentives and policies can also encourage collaboration.

Q: How will the current COVID-19 crisis affect corporate venturing initiatives in Latin America?

The crisis may lead to reduced budgets for corporations, which could impact corporate venturing initiatives. However, it is important to see the crisis as an opportunity for innovation and adaptability. Sophisticated and cost-effective mechanisms, such as virtual incubators, can be leveraged to continue collaboration.

Q: What actions can policymakers take to foster corporate venturing in their countries?

Policymakers can support corporate venturing by creating platforms for knowledge sharing, facilitating access to startups through partnerships with incubators and accelerators, and identifying and supporting opportunities for technology transfer. Incentives and funding programs can also encourage corporations to invest in innovation.

Summary & Key Takeaways

• Corporate venturing, the collaboration between established corporations and startups, is becoming crucial for survival in an era of rapid innovation.

• Startups offer agility and innovation that companies struggle to achieve internally, making them attractive partners for corporations.

• Latin America is seeing a growing trend of corporate venturing, with a focus on industries such as finance, consulting, and telecommunications.