Moving to a Cyber-Physical World
As we move into the 2020s, we see the undeniable progression to a cyber-physical world, the accelerating rate of change, and the imperative for innovation of corporations to remain competitive. This creates threats for some and opportunities for others.
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Industrial IoT Network+Telecom New MobilityThe World Is Changing
As we move into the 2020s, we see the undeniable progression to a cyber-physical world, the accelerating rate of change, and the imperative for innovation of corporations to remain competitive. This creates threats for some and opportunities for others.
Established Companies Need to Innovate and Adapt
Companies must adapt at an increasingly rapid pace and in profound ways. There are widespread structural changes to almost all industries; the pace of change is increasing, and companies that do not adapt successfully will struggle or even become obsolete. As a result, we see a dramatic increase in corporate spending on innovation.
The average tenure of companies in the S&P 500 has gone from 33 years in 1965 to a projected 14 years by 2026. Corporate CEOs know they must innovate to remain relevant. Yet innovating internally is almost always in conflict with the core business.
Venture Studios
The Venture Studio model creates a team of seasoned entrepreneurs, ranging from the executives through to the developers and engineers, who collectively bring their experience to helping new entrepreneurs get to market faster. They have “been there and done that” and help make decisions quicker while avoiding many of the strategic and especially execution mistakes that account for why so many startups fail.
Why Corporations Invest in Venture Studios
Access to Innovation
Cultivating insight without exposure
Talent development
Portfolio development
Monetary return
The RWVS Difference
Rocket Wagon Venture Studios combines the venture studio model with the imperatives associated with the progression to the cyber-physical world. This starts with a keen focus and understanding of the Internet of Things. And while there are several common and interrelated considerations that are critical for truly understanding IoT, the actual implementation of most IoT systems are domain specific in nature.
As such, Rocket Wagon Venture Studios approaches the model by creating a parent company, setting IoT architectural standards, and providing all the shared functions, services, and systems across a series of vertically aligned IoT venture studios. The teams in the venture studios are not only experienced entrepreneurs but also possess domain specific IoT experience. We believe the combination of entrepreneurial experience, IoT experience, and domain-specific market understanding is a powerful rendering of the venture studio model.