New Commerce Ventures Launches CVC Support Program
In response to the growing need for innovative approaches within the retail and commerce industries, New Commerce Ventures (NCV), headquartered in Shinagawa, Tokyo, has introduced its new Corporate Venture Capital (CVC) Support Program. This initiative aims to assist companies considering establishing or currently operating CVCs in navigating the complexities of venture capital management.
The CVC Support Program utilizes NCV's extensive expertise and network, focusing on essential areas such as sourcing, due diligence, and fostering synergies. The primary goal is to empower retail, e-commerce, logistics, and service companies to develop in-house capabilities for CVC operations, enabling sustainable open innovation.
Background
Recent market dynamics and technological advancements demand that companies continuously delve into existing operations while simultaneously exploring new business ventures through 'ambidextrous management.' A notable trend is the increasing establishment of CVCs, which drive open innovation through partnerships and M&A with startups.
However, many companies face challenges post-establishment, such as lacking personnel with startup networks for sourcing, insufficient investment expertise for conducting due diligence, and difficulties in creating internal frameworks to generate synergies. Such obstacles have led to disappointing financial and strategic returns.
According to the FIRST CVC / JAPAN CVC SURVEY 2023, many companies express dissatisfaction with their CVC outcomes, citing issues like the absence of good sourcing networks and experienced investment professionals.
While consulting services and duo arrangements are emerging as potential solutions, the financial requirements for duo arrangements can be prohibitive. Moreover, concerns over conflicts of interest with general funds have surfaced. Meanwhile, many CVC consultants struggle with practical experience in investment and synergy creation, alongside gaps in networks with startups.
CVC Support Program Overview
To address these challenges, NCV is rolling out a support program designed specifically for businesses within the commerce and retail sectors looking to establish and streamline their CVC operations. The program encompasses all critical aspects—from setup and sourcing to due diligence and synergy creation.
Participants will benefit from pre-lectures and ongoing support. Additionally, NCV will facilitate knowledge transfer through secondment programs and community engagements, helping cultivate personnel skilled in open innovation and structuring a sustainable innovation ecosystem within their organizations.
Program Features
As a VC specializing in the commerce and retail industry, NCV has established a comprehensive network of over 100 companies in the sector. This includes hosting exclusive pitch events like the “New Commerce Pitch” and large industry conferences such as the “New Commerce Conference,” both of which enhance connections between startups and business entities.
The CVC Support Program emphasizes the unique strengths of NCV, offering practical knowledge and industry connections at a fraction of the budget typically required for duo arrangements. This comprehensive approach boosts the efficacy and efficiency of CVC establishment and operations.
If you’re interested in exploring the establishment of a CVC or seeking support for your existing operations, please reach out via our contact form:
New Commerce Ventures Contact
Company Overview
- - Company Name: New Commerce Ventures Inc.
- - Representatives: Keita Matsuyama and Kohei Ohkubo
- - Location: Shinagawa, Tokyo
- - Website: New Commerce Ventures
- - Managed Fund: New Commerce Explosion Limited Liability Investment Partnership