Earlier this year, Shell created the role of vice-president (VP) of innovation to help bring together its corporate venturing units with other parts of its technology and business development teams.

“Corporate venturing is sometimes a struggle for long-time seasoned technology managers to accept that, in order to get the most out of the technology, sometimes you have to lose some control”, according to Chris Haase, adviser to the chief strategy officer at Royal Dutch Shell.

But in a 100-year-old oil company with a history of successful innovation and long-term growth, it is a struggle the company appears willing to take on.

Earlier this year, Shell created the role of vice-president…