5 • 1.8K Ratings
🗓️ 9 July 2025
⏱️ 51 minutes
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0:00.0 | Welcome back, listeners to another exciting episode of Scouting for Growth. Today we are diving into a topic |
0:24.1 | that is close to my heart, innovation, startups, and the magic that happens when you combine them |
0:31.4 | with a forward-thinking industry leader. Now, in case you didn't know, this market is booming. Venture clanting is projected |
0:40.0 | to grow exponentially with corporate innovation investments estimated to exceed $150 billion globally |
0:48.8 | just by the end of this year. And at the helm of this transformation is my guess today, the brilliant |
0:56.8 | Joel Aged God. Joel is not just a pioneer of innovation, is what we would call a true |
1:04.2 | venture clanting maestro. You can look at this number in two ways, right? |
1:11.2 | If a corporate runs a venture client program, collaborating with 50 startups annually, and |
1:18.5 | the average contract value per startup is $500,000, this alone represents a $25 million annual market for that corporation. |
1:31.3 | Then, if 10% of 14,500 companies adopt venture-clanting programs and allocate an average, let's say, |
1:40.3 | of $10 million annually to these initiatives, this would represent a $5 billion market annually. |
1:50.0 | Now, reading a recent report on venture clienting from Gregor Grimmie, well, there is 195 |
1:58.1 | companies already working on these initiatives. So, alongside Zurich |
2:03.2 | insurance, indeed companies like Bosch and BMW, I've deployed the model and many have been |
2:09.3 | scaling these programs, including adoption across industries such as automotive insurance |
2:15.3 | and manufacturing. |
2:23.0 | So reverting back to Joel, the group head of innovation at Zurich Insurance. |
2:30.8 | Joel has been driving bold transformative startup collaborations across 40 more than that markets. His work has shaped the way a global ancient giant works with startups proving |
2:37.3 | that innovation isn't just about flashy tech, it is about building real, meaningful |
2:42.7 | partnerships that deliver results. |
2:46.5 | From navigating the early days of Zurich Innovation Championship back in 2018, actually, to scaling |
2:53.3 | the program during a global pandemic and now leading the charge into the future, Joel |
... |
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