Review article
Crossing the Innovation Valley of Death through the Venture Builder Model
Matija Srbić
; University of Zagreb, Faculty of Electrical Engineering and Computing
Deni Nurkić
; University of Zagreb, Faculty of Science
Abstract
On the path to a successful deep-tech venture, many innovations fall into what is generally known as the valley of death. There are many reasons why innovative projects (and associated deep-tech ventures) fail to cross the valley of death, but some of the most common ones are; lack of commercialization and business development experience and the inability to attract investors. One possible solution to bridge this valley could come in the form of a Venture Builder model. This model (also called Venture Studio) is a novel approach that is essentially a start-up that builds start-ups using its own ideas (or innovations) while focusing on resource sharing among partners that constitute it. Venture Builders leverage their extensive network consisting of different partners, experts and seasoned entrepreneurs who share their capital, skills, and market expertise with the participating ventures, creating a perfect innovation ecosystem. When it comes to commercializing innovations and developing deep-tech ventures, collaboration between academia and industry is essential from the get-go. Hence, this paper focuses on the model proposed and instituted by the University of Zagreb Faculty of Electrical Engineering and Computing and the Innovation Centre Nikola Tesla. It will provide a detailed description of different phases of venture building as well as all of the activities, programs and partners required for the successful implementation of the venture builder model for the establishment and development of deep-tech ventures.
Keywords
Hrčak ID:
290466
URI
Publication date:
15.11.2022.
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