Every company needs to consider how it innovates and its openness to different ways of doing this.

My year as chair of the NVCA’s corporate advisory board has built on the work of my immediate predecessors, especially Greg Foster, who did so much to get this group to talk less and show more action.

This has been important as corporate venturing teams are still seen as a poor cousin of venture capital (VC) in general. I found this when I joined Unilever’s team in 2005 – VCs were wary of corporate venturing’s involvement.

This was a…

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