How long can the collaboration process between startups and corporations take?
Posted: Sat Dec 28, 2024 4:03 am
The first thing is to understand the objectives and needs of the corporation or CVC you are dealing with.
This includes both the strategic objectives of a corporation, as well as the financial objectives of a corporation or its CVC.
Once these objectives are understood, it is easier to align the startup's value proposition with the needs of the corporation or CVC.
Understanding a corporation's goals before collaborating has multiple benefits.
First, it allows the startup to align its value proposition with the needs of the corporation, which increases the chances of success.
Second, it helps to set clear expectations from the start, which can facilitate collaboration and reduce the risk of misunderstandings or conflicts.
Finally, understanding the corporation's objectives can help identify additional opportunities for collaboration or investment.
The process of collaboration between startups and corporations can vary significantly depending on several factors, including the complexity of the project, the objectives of both parties, and the internal processes of the corporation. However, panelists mentioned that processes can take between 6 and 9 months.
This time may seem long for a startup, but it is important to remember that corporations have their own processes and timelines.
Patience and perseverance are key to navigating these challenges.
Understanding the objectives of the Corporation and/or the CVC
One of the most important points discussed in the panel was the list of panama cell phone numbers importance of understanding the objectives of the corporation or CVC you are dealing with.
It is not just about having a good idea or an innovative product; it is crucial to understand the corporation's investment thesis to see how relevant the strategic part of the business is.
It is also important to know what multiple they expect in financial terms.
For example, Eklos uses the #VentureClient model, which means they look for startups that can become strategic suppliers for their core business.
On the other hand, Kamay Ventures and Sancor Seguros Ventures invest directly in startups with both a financial and strategic thesis.
This diversity in strategies shows that there is no single path to success, but multiple routes that can be explored.
This includes both the strategic objectives of a corporation, as well as the financial objectives of a corporation or its CVC.
Once these objectives are understood, it is easier to align the startup's value proposition with the needs of the corporation or CVC.
Understanding a corporation's goals before collaborating has multiple benefits.
First, it allows the startup to align its value proposition with the needs of the corporation, which increases the chances of success.
Second, it helps to set clear expectations from the start, which can facilitate collaboration and reduce the risk of misunderstandings or conflicts.
Finally, understanding the corporation's objectives can help identify additional opportunities for collaboration or investment.
The process of collaboration between startups and corporations can vary significantly depending on several factors, including the complexity of the project, the objectives of both parties, and the internal processes of the corporation. However, panelists mentioned that processes can take between 6 and 9 months.
This time may seem long for a startup, but it is important to remember that corporations have their own processes and timelines.
Patience and perseverance are key to navigating these challenges.
Understanding the objectives of the Corporation and/or the CVC
One of the most important points discussed in the panel was the list of panama cell phone numbers importance of understanding the objectives of the corporation or CVC you are dealing with.
It is not just about having a good idea or an innovative product; it is crucial to understand the corporation's investment thesis to see how relevant the strategic part of the business is.
It is also important to know what multiple they expect in financial terms.
For example, Eklos uses the #VentureClient model, which means they look for startups that can become strategic suppliers for their core business.
On the other hand, Kamay Ventures and Sancor Seguros Ventures invest directly in startups with both a financial and strategic thesis.
This diversity in strategies shows that there is no single path to success, but multiple routes that can be explored.