Venform Venture Studio is a moniker for a collection of services offerings we bring to an enterprise’s entrepreneurial undertakings. It addresses all the key ingredients required to achieve a new venture including business and technology milestones.
Our venture studio works in the areas of healthcare IT, financial technology, retail, manufacturing and distribution. We offer a highly attractive business model that is based on principles of value-based pricing.
Business owners and leaders are used to planning and strategizing. However, the pace of new technology entering the market has bewildered even some of the smartest business owners and their leadership team. In many cases, business owners are not in the technology industry but have to assess how to take advantage of it and apply it to their company.
Our philosophy with the venture studio is to create a symbiotic partnership with a business owner, his or her leadership team and staff and our team. We first help the business owner identify a core opportunity which will be better served if done in a protected “box” which contains a clear entrepreneurial mission, key financial and human resources and access to the corporate systems. The goals of this opportunity are defined in terms of business and technical metrics, and the entry and exit criteria are clearly defined. We take leadership of this venture on behalf of our customer, deliver on the goals and then transition it back to the company for scaling and further growth.
Our venture studio collaborates with companies in the following industry verticals: healthcare, consumer and business-to-business internet, retail, manufacturing, distribution and financial services. Our advanced capabilities in these verticals enable us to provide our customers with unparalleled solutions and service.
Once we enter into an agreement with a business owner to build a new venture that meets his or her mission, we develop a contract that specifies costs, milestones and an exit strategy. The costs payable to Venform are structured as a base plus performance-based compensation that is fully in the customer’s interest. Exit criteria is established upfront for each venture and incorporates business and product milestones and a project timeline.