#2 - Why Corporate Venturing Matters for Business Growth? w/ Phil Hague (3M)

Welcome to the second episode of The Corporate Venturing Podcast!Corporate venturing has become a key strategy for companies looking to stay ahead in an evolving business landscape. But what makes it so impactful for growth, and how can leaders ensure their venturing efforts succeed?In this episode, I sit down with Phil Hague, Innovation Design Director at 3M, to explore the role of corporate venturing in driving business success. Drawing from his experience leading innovation at companies like Procter & Gamble, Lenovo, and Microsoft, Phil shares practical insights on:• Why corporate venturing matters and how companies leveraging it outperform their market peers.• Balancing short-term ROI with long-term strategic goals—is innovation really just a cost center?• How to measure the success of venturing initiatives, beyond financial returns.• Creating an innovation-friendly culture and overcoming internal resistance.• Corporate venturing vs. traditional R&D—how they can work together instead of competing for resources.• Collaborating with startups—what makes corporate-startup partnerships successful?• Emerging trends in corporate venturing.Whether you’re leading a venturing team, working to build a culture of innovation, or looking for strategies to future-proof your business, this episode provides real-world insights to help you navigate corporate venturing successfully.Resources: • Open Road Ventures • Bundl Venture ClubDon’t forget to follow, rate, and hit the bell button to stay updated on the latest episodes.Stay curious, keep innovating, and we’ll see you next time on The Corporate Venturing Podcast!