Our Mission:
Build Deep RelationshipsGive AdviceMake It Easy to Do Business with UsSolve Problems
To increase our clients’probability of success
To be the premier provider of financial services and thought leadership to innovation companies, of all sizes, and their investors, world-wide
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Vision
Differentiated
Focus on “innovation” marketsMainly balance sheet lenderStrong deposit franchiseDiversified revenue streamsGlobal reach
Established
30 years of supporting innovation
26 U.S. and 7 international offices
$20.0 billion in total assets
$35.5 billion in total client funds
Innovation: Macro-themes
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• 2008-2010: Developed economies slow down / corporate growth impacted
• Company EPS maintained through RIFs, operational excellence programs and increased productivity – little or no focus on innovation
• The pace of innovation continues to accelerate – largely driven by start-ups
• Corporates have more cash on their balance sheet than at any other time
• Established leaders stumble - i.e. Nokia, Microsoft, Pfizer etc
The CEO’s agenda – looking beyond 2012
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• Technology impact and business model shift across all industries
• Technology driven disruption of existing supply chains
• Non-traditional alliances & partnerships accelerate i.e. GE & Google, P&G & Inverness
• Chinese corporates go from local to regional to global champions
• Innovation becomes driver for competiveness
Innovation is back on the CEO’s agenda
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• Capital market stabilization results in investors shifting focus from cost management to growth:
- “where is long-term revenue growth going to coming from?”
• Innovation returns to the CEO agenda – as a driver of growth
• Increasingly, corporate venturing goes beyond “open innovation” to include:
- Internal & external innovation initiatives - Corporate ventures- Licensing- Partnering- JVs- M&A
CVC is different this time
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Internally
focused
Driven by
R&D
EvolutionNOT
Revolution
Cost not outcome focused
Little correlation
with Corporate Venture Capital
Internally focused
Separated from CVC / Strategy
Cost not outcome focused
Evolution NOT Revolution
Driven by R&D
Internally
focused
Driven by
R&D
EvolutionNOT
Revolution
Cost not outcome focused
Little correlation
with Corporate Venture Capital
Greater external focus
Innovation partnering
Outcome drivenOpen to
cannibalization
CEO / CTO / Chief Innovation Officer led
Traditional Corporate Innovation The new model for corporate innovation
The corporate ecosystem: growth is driving the need for innovation
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MediaInternetLife
Sciences
F&BFMCG
CleantechSemisEnterprise Software
Fin Services
Comms
Automotive
Disney, Hearst, News Corp, WB
Amazon, eBay, Google
Glaxo, Pfizer, Roche, Takeda
Pepsi, Coke, Gen Mills, Nestle
Best Buy, Ikea, P&G, Unilever
ABB, HON, GE, Siemens, Vestas
App Mat, Arm, Intel, Nat Semi
Adobe, IBM, MSoft, SAP
Cisco, Juniper, Huawei, Mot
BMW, GM, Honda, VW
Allianz, Citi, CS, Hartford, Visa
Corporate innovation intersects all company stages
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Mature
Disruptive trends,white spaces& roadmaps
CorporateInnovation
M&APartneringDistributionVenture Portfolio:
Segmentation bycompany stage Growth
Start-ups