If you’re an entrepreneur, have a business idea that could turn into a successful business, or just dream of starting your own company, you’ve probably been in a situation where you wonder: What would be a great business idea? Do I have enough funds? How many people do I need to hire to turn this idea into reality? Or simply, Do I have enough experience in this industry?
These questions are also very difficult to answer and for your business, it takes years from the inception of a business idea, to the moment of success. But there is a powerful approach to building and scaling companies, that is gaining popularity among entrepreneurs, start-ups founders, and investors: Venture Building.
In this blog post, the Venture Lab EMEA, a team of 13 people with diverse backgrounds in product development, design, finance, science, and marketing, explains what Venture Building is and how this approach can help your business grow.
Graphic by https://www.etventure.de/
What is Venture Building?
Venture Building is developing new businesses from scratch to generate market fit, with the support of experienced and knowledgeable teams, creating and testing ideas and business models before establishing and growing it as an individual startup.
The venture-building process typically begins with identifying a market opportunity and assembling a team of experienced entrepreneurs, designers, engineers, and other professionals. This team then works together to develop and validate a product or service, and build a business model that can scale. Once the business is up and running, the venture builder provides ongoing support and resources to help the company grow and achieve its goals.
Funds are not the only exclusive way that a venture builder can offer to support new businesses, in most cases, startups lack experience, trained staff, expertise, and strong partnerships, which can lead to unavoidable failure. So, considering building your business along with a venture builder might not be a bad idea.
Why is Venture Building important for businesses and startups?
Lots of venture-building initiatives are looking into opportunities to leverage existing solutions and partnering or investing in startups. This offers value for both as the venture-building team does not need to invent everything from scratch and existing startups that are searching for investors or market access can benefit from the venture-building approach.
How can Venture Building help businesses and startups?
Here is a list of how Venture Building companies can help your business:
- Control over the process: By having a team in-house, the venture builder can move quickly and make decisions without the need for external approval.
- Portfolio diversification: Building a portfolio of companies can help spread risk and increase the chances of success.
- Innovation and risk-taking: Venture building allows entrepreneurs to pursue ambitious and innovative ideas that traditional venture capital may not support.
- Faster time to market: By having a dedicated team in-house, the venture builder can quickly validate and develop an idea and then scale the business.
- Greater chances of success: By having a team of experienced entrepreneurs and professionals, venture building increases the chances of success.
Therefore, venture building is a powerful approach for creating and scaling new businesses and has the potential to generate significant financial returns for investors and entrepreneurs alike.
Who are we?
The Venture Lab is part of BCC, the new business creation team (BCC) of NGK SPARK PLUG.CO,.LTD. We are a global team of over 300 members. Our goal is to create revenue streams of 1 billion EUR by 2030 in the areas of mobility, utility, and health. Based in Tokyo, Berlin, and San Jose. We build ventures and invest in startups globally with a 100 million USD fund. Our mission is to positively impact the lives of many people and “improve the quality of life of everyone.”
What are we currently investing in?
Our focus fields are smart health, mobility, and utilities. We have set those strategic fields to create a livable future. To give an example: in the health sector, we are investing in solutions for home health, wound care, elderly care, and femtech. Offering innovative solutions that provide longer healthiness and easy access to health is driving us.
Let’s Work Together!
We’re always looking for new businesses and technologies, especially in mobility, energy, sustainability, healthcare, and communications. If we work together and take on new challenges, we can redefine industries and make a difference in the world.