Reimagine. Accelerate.

Most companies acknowledge the threat from competitive disruptions, especially when competing in the AI era. This is hardly surprising with more than 1,000 Unicorns valued at $4 trillion, and the average life of a Fortune 500 company being 15 years and falling.

Established companies must reimagine and scale new AI-driven ventures, products and services at start-up speed to avoid being beaten at their own game by disrupters. How can this be done? One approach is to rapidly try to implement AI into an existing business model, products and services. However, our experience, and as multiple studies of digital transformation over the past decade shows, “changing the engine whilst driving down the freeway” usually doesn’t end well and at best deliver significantly less outcomes than expected.

There is another way. Companies can reimagine and build their own unicorns within the organisation as they already have ideas, proprietary data, capital, intellectual property, customers, brand, goodwill, distribution channels and talent. They can deliver these in an AI-driven competitive era by establishing a “start-up” inside the organisation. This new venture business requires a reimagination of the company with a “digitally native” and AI-driven mindset.

Using our repeatable new venture business and innovation playbooks, the team at Technology Connect can help your organisation design and build a new AI Venture Factory, encompassing rapid incubation and acceleration to scale your new AI-driven business ventures. We can also help you design, build and operate a corporate venture capital (CVC) structure with an innovation fund focused on pre-seed, seed and series investments aligned to your investment thesis to diversify your risk of disruption and accelerate your business growth strategy.

If you want to know more about how we may help your organisation incubate and accelerate new AI-driven business ventures or design and build a CVC, then connect with us. This is what we do!