SETsquared chairman Simon Bond discusses what barriers corporate venturing needs to overcome in 2013 and beyond.

The final chords of Auld Lang Syne had barely rung out across the UK when the news of administrators walking into HMV and Blockbuster sent us crashing into 2013 with a bang.

And with their struggles, the adage “adapt to survive” has never been more  relevant.

But while the need for high street retailers to embrace online shopping has been shouted from the rooftops, an evolution in corporate venturing has been quietly simmering in the shadows.

A new flavour of corporate strategy is developing around open innovation and forward-thinking corporates in the UK are beginning to open their eyes to this approach.

They know that in a globalised economy, innovation and speed to market are vitally important and having deep pockets may not be enough.

Rather than burying their heads in the sand, some large companies are bringing together the supply chains with multiple…

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