The new model to turbocharge corporate innovation
CommonVC partners with corporates & public organisations who want to challenge their comfort zone and bring in diversity, revolutionary ideas, rapid prototypes and startup execution mindset to meet their environmental and societal goals.
What CommonVC does best
CommonVC is about agile execution and sparking the startup mindset in your organisation.
We ignite the spark in your C-suite & internal teams need to solve a challenge by encouraging cross pollination of ideas across sectors, skills & experience. CommonVC acts as a conduit between you and passionate innovators & startups. With ideas validated, we work with you and our network to deliver rapid prototypes, MVPs & pilots via our Corporate Innovation Lab.
CommonVC has a strong network of purpose driven founders, startups, founders with exits, investors, academics, policy makers, campaigners and stakeholders across entire value chains. The team also advises on policy.
How does CommonVC do it?
We start with your personalised goals, then CommonVC Corporate Innovation Lab will either facilitate inspiration for a game changing raw idea, validation of a half baked idea, or execution of a baked idea using a startup mindset.
CommonVC turbo charges this process by bringing in experts from outside your industry, different cultures, countries, gender and age groups to innovate. This approach inspires your organisation with ideas that are not always visible to teams too deep in the day to day operations.
CommonVC takes a top level view to be able to connect the dots, plan end to end solutions and pilots with multiple stakeholders.
Besides, CommonVC will recommend various grants and funding opportunities.
1. Crowdsource Ideas
Open Innovation not only generates the best ideas but also builds a community for the corporations. Based on “Outside In” or “Inside Out” approach we can either ask a global crowd to solve your corporate challenges, run a design thinking hackathon or share your ideas/ solutions with the crowd for your internal teams to spin off or an external teams to bring to market. We can of course run intensive internal and invite-only design sprints as required as long as there is a clear “What Next?” strategy.
2. Validation
The classic problem & market validation process that involved getting hands dirty with tests, market research, mockups etc. to rapidly validate the idea for possible pivots or not. The goal is fail fast, fail often and our expert mentor network will facilitate this process.
3. Build Teams
This is when we help form the co-founding teams with external co-founders & your employees; or your employees work with existing startup founders working on the solutions.
4. Creation
The teams come up with a 12 month / 3 month goal and a strategy to achieve these goals. We then identify the gaps, the opportunities to accelerate the execution of the strategy to meet the goals, maybe before time. We help the teams with business development, tech help and other skill gaps on a team by team basis.
5. Pilot
Depending on ideas and identified partners, the product is a beta product ready for its first paying customer to achieve product market fit as soon as possible.
6. Scale Up
By now, we have laid the groundwork to scale the solution. We will help the teams with their growth, skilling, funding and scaleup strategy.
