A serial entrepreneur is exceptionally creative at coming up with new business ideas and working hard to develop those ideas into a new venture. Unlike most business owners, who spend a significant amount of time in their industry and concentrate on what they know, serial entrepreneurs delve into various sectors. They must learn about different businesses and industries. But how can corporations develop a successful serial entrepreneurship mindset?
Corporate venturing is about entrepreneurial activities that require a mindset of innovation. This is where corporate entrepreneurship comes into play.
Sweco is Europe's leading engineering and architecture consultancy. They have their hand in directly planning and designing the sustainable communities and cities of the future. Sweco's mission includes co-creating solutions to address urbanization, capturing digitalization's power, and making societies more sustainable. Coventures' Entrepreneurs in Residence, Sampo Lehtiniemi, and Riku Kokkonen, joined Sweco's development and management team. They aimed to recognize the real potential of Sweco's innovation and identify opportunities to expand their business.
Coventures' approach to market validation is radically different from what people are used to. In our model, one of our experienced entrepreneurs joins your team, bringing with them the knowledge and tools to validate your business idea. As we see it, our job is to help you make an informed decision about whether or not to proceed with your new venture. Read how we partnered up with our client Premix to validate their latest corporate-startup idea.
What is product/market fit, and how to find it? This article discusses what product/market fit (PMF) is in practice. To understand how we can achieve it, we get to know an early learning process called Product/Market Fit Discovery.
Changing the service portfolio can be an effective way to update your business and reach new customers. But how can we ensure we have assessed growth opportunities' potential through our client's eyes? The answer is hardly surprising; we need comprehensive background work and a plan to introduce the new service to our customers. Read on to hear how we helped our client Codento do the careful groundwork work and clarify their new service portfolio.
Riku Kokkonen is an experienced serial entrepreneur and venture-building professional. From his 10+ years of experience as an entrepreneur, he has gained deep knowledge in building science-and-technology-led businesses from the ground up. He is currently working as an Entrepreneur in Residence (EiR) at Coventures working with companies to build new business and new products, developing with them the best approaches and strategies to succeed.
Often new products and services surface from well-identified customer needs, but after a while, the initial excitement wears off and is replaced by slower-paced progress. Sometimes we even end up questioning the viability of the original idea. These doubts often originate from a lack of clarity. Read on how we worked on these topics with the Lassila & Tikanoja Smartti Automaatio product.