External Review
The external review process serves as a check-point to validate our conclusion based on internal due diligence and also allows us to evaluate next steps in formulating a “Launch / Hold” strategy.
The New Ventures Team has established an advisory council represented by industry experts, serial entrepreneurs, venture capitalists, angel investors and service providers (lawyers, accountants, marketing professionals etc) with the primary objective of creating an “ecosystem” that serves as a resource for new venture creation. The members of the advisory council are routinely called upon to help review new opportunities as well as to mentor existing ventures. In addition to the external review, this process also allows us to showcase your idea to our partners at an early stage and gain perspectives and guidance from our mentor community. Our goal is to establish a transparent, iterative and collaborative process empowering you to stay engaged throughout the review cycle.
Key Actions: • • • •
Engage external advisers to evaluate new venture viability. Work with industry and business experts in the evaluation of new venture opportunity. Get feedback on “investability” of new venture. Solicit and recommend a “Launch / Hold” strategy.
The outcome of our internal due diligence and external review lays the foundation for the “launch / hold” strategy. The goal is to ensure that we optimize our efforts towards fostering and creating new ventures by mitigating the investability risk. Furthermore, the “launch / hold” decision allows us to focus on alternative strategies in the venture creation process.
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