Mastering Corporate Venture Building: Putting On Your Iron Man Suit To Speed Up Innovation

Lost In Transformation

How does our Iron Man Suit help us create new ideas? Weixiang Wang, Vice President of New Ventures at the Economic Development Board (EDB) in Singapore, joins us on this podcast episode to talk about his passions innovation and sustainability.
What are the benefits and pitfalls of corporate venture building? How has this unprecedented year changed the corporate venture building landscape? And how can our Iron Man Suit support innovation? Tune into this episode to find answer to these and many other questions.

Chapter

1. Mastering Corporate Venture Building: Putting On Your Iron Man Suit To Speed Up Innovation (00:00:00)

2. The three evolutionary phases of building new businesses (00:04:58)

3. Corporate venture building as a new driver for growth (00:08:11)

4. Why you should use different metrics for measuring early-stage startups and for matured businesses (00:10:50)

5. Building a CVC ecosystem and sharing best practices with the community (00:15:12)

6. Empowering entrepreneurial talent by providing know-how, processes, and resources to build innovation (00:18:20)

7. Venture examples that the EDB supports (00:19:28)

8. Wei's biggest takeaway: To keep on learning (00:23:41)

9. The state of maturity of corporate venture building in Singapore (00:28:28)