Each VentureFuel program is unique, so results vary, but 80%+ of our clients renew every year.
Here are a few reasons why:
Nowadays it is easy to find software, platforms and databases to give you access to information about startups. Many of our clients have external subscriptions to these services. That is great! However, the data available is only as good as the analysis, insight and engagement applied to it.
External corporate innovation is THE ONLY thing VentureFuel does. We work for you. No portfolio, no bias. We have eyes on every startup. If another organization's got it, we'll find it and if it's a good fit - we'll recommend it to you.
Avoid these mistakes. Don't get caught unprepared by the disruptors reshaping your industry.
That's where we come in.
VentureFuel minimizes this risk by deeply understanding your needs and operating in stealth mode. This ensures you're only engaging with vetted startups that are the right fit, rather than broadly executing NDAs with multiple or misaligned partners.
We typically implement NDAs for all employees involved, mirroring the protocols used with suppliers. This ensures confidentiality and prevents unauthorized sharing of information. Just as you wouldn't share one supplier's information with another, we apply the same principle here.
We design structured work streams to minimize exposure to internal IP. For example, startups can develop custom ingredients or technologies based on your specifications, while you retain full control over product formulation and development. This mirrors how a leading food company partnered with a startup to create a new formulation without disclosing their proprietary blend—using placeholders to demonstrate the technology’s impact without sharing sensitive details.
Another common method is black boxing, where a proprietary blend is used without revealing its composition, similar to how food companies protect their formulations with suppliers. You can also prohibit startups from reverse-engineering or testing your proprietary blend by securing confidentiality through a Material Transfer Agreement.
We can help set up separate work streams for each startup, ensuring they don't interact with each other. Each startup signs an NDA, similar to those used with suppliers, to protect their IP. For instance, we've worked with multiple companies in the manufacturing sector where each startup's technology remains protected throughout the entire program. We can keep the startups separate during pitch events and presentations; they would typically just know there are other startups involved in the program.
Background IP remains with each party, while foreground IP developed during co-development can be structured to align with your strategic priorities. In some cases, the startup retains ownership, with the option for you to negotiate exclusivity or outright ownership based on project outcomes. For example, a major consumer goods company allowed startups to initially retain foreground IP but secured exclusive rights through a subsequent agreement.
If preferred, we can negotiate upfront for exclusivity or ownership, ensuring your team has control over how the IP is used. We also recommend including an exclusivity clause from the start, giving your organization 90 days after project completion to exercise rights over the IP. In most cases, we do not recommend joint IP agreements, as they can complicate future commercialization.
For us to grow and thrive, we must always be ready for what’s next and be ready to adapt and to change to meet consumer demands. The Milk Launch competition builds on that idea, driving innovation of the next great dairy product.
— NY State Agricultural Commissioner