Venture building — creating a new profitable business inside a corporation — is becoming increasingly popular with big companies. Siemens Energy is forming a new team called Siemens Energy Ventures, and one of its objectives is to build growth startups in energy transition and climate to help the company and its customers accelerate the journey to net zero.
There is a new realisation with corporations that in order to stay relevant and innovative, they need more than classical innovation programmes. Growing as a business doesn’t mean strengthening your core portfolio, but come out with a portfolio of businesses. Those businesses could end up as part of the mothership, or evolve into separate and independent businesses at scale.
