How is the Economic Downturn Affecting Corporate Innovation?

The Sifted website reported that the global downturn has venture capital investors investing less (if at all), at lower valuations and with more stringent demands on startup cashflow. Alberto Onetti is chairman of Mind the Bridge, an innovation consultancy that works with corporates and startups. “The big VC pullback started in the US, hitting private equity and very late stage investors.” Onetti sees the pullback as a wave that will take time to hit more early segments of the market, first progressing to Series A and B rounds, and then early and seed stages.  Onetti warns corporate innovators to brace themselves: “Winter is coming. Get ready for volatility. But open innovation and corporate venturing are here to stay.”

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