27 October, 2024
Corporate venturing as A Smart Irrigation System

Josemaria Siota of IESE Business School posted on LinkedIn at the occasion that “Nvidia Dethrones Apple: A Wake-Up Call for Europe.” Recently, Nvidia briefly reached a market value of $3.53 trillion, surpassing Apple as the world’s most valuable chipmaker.

He sees a number of important lessons for Europe:

CorporateVenturing as A Smart Irrigation System: This is where corporations can make a difference. By acting as an intelligent irrigation system, they can provide vital support. Our research (published at MIT Sloan Management Review) indicates that 71% of the analyzed corporations innovating with startups aim to expand their deep-tech portfolios during 2021-2026.

Nurturing Europe's Innovation Nursery: Just as a gardener carefully cultivates high-impact plants, Europe must nurture its DeepTech startups—from quantum computing sprouts to artificial intelligence seedlings and advanced materials buds. These are some of the future giants that could reshape our tech arena.

Confronting the Funding Drought: Unfortunately, many of these promising startups are wilting due to a lack of essential resources—particularly funding. They face significant challenges during the proof-of-concept and growth stages, hampering their potential to thrive.