CVC 3.0: The Movement
Corporate venture capital continues to experience monumental growth, with an average of 12 CVC programs being started monthly. After several decades of peaks and troughs, corporate venturers feel that their time has come in being recognized as vital contributor to the innovation ecosystem. The days of being considered ‘dumb money’ are long behind and corporates have the attention and respect of the venture community as a whole. This was evidenced at the start of 2016 with the oversubscribed Global Corporate Venturing & Innovation Summit (www.GCVISummit.com) in Sonoma, the GCV Symposium (www.GCVSymposium.com) held in May, and then again with SHIFT: Accelerating Corporate & Venture Partnerships (www.SHIFT-NYC). As George Ugras said on stage in London at the GCV Symposium, this is now the era of ‘CVC 3.0’ and all audiences on-site could feel that the industry is on the verge of exponential development.
CVC 3.0: In Transition
Clearly, the time has come for CVCs to trek onward and upward. Many corporates are preparing for change. Most recently, Vanessa Colella of Citi is the newly names Chief Innovation Officer following Debby Hopkins legacy and will be on-stage at the GCVI Summit in 2017. As more corporates sophisticate their investment approaches, a new breed of corporates are filling the LP gap and serving as institutional investors (O-US corporates are eager to access U.S. venture funds). Lastly, as the U.S. awaits for the official administrative change, the community is yet to see how President-Elect Donald Trump will impact corporate global strategy and O-U.S. partnerships.
The Future of CVC: 2017 & Beyond
Undoubtedly, 2017 will be marked as a year to remember in CVC. To illustrate all major trends and provide insight on the changing landscape of CVC, GCV is proud to announce the Global Corporate Venturing & Innovation Summit, January 25-26 at The Fairmont Sonoma Mission Inn & Spa in Sonoma. This conference will continue to boast unparalleled caliber of participation, including that of Sue Siegel of GE Ventures and Nagraj Kashyap of Microsoft Ventures as Co-Chairs. 400+ CVCs, C-level Innovation Officers, and multinationals starting up programs will be in attendance. For more information about the GCVI Summit, visit www.GCVISummit.com