Commercialization-As-A-Service?
Innovators, frequently consisting of engineers, scientists, artisans, creatives, and academics, may not inherently have the inclination or capability to transition into the role of an entrepreneurial founder. This situation results in a substantial pool of untapped innovation globally, especially within the applied research community. It is also noted, conventional entrepreneurial or business training may not effectively address this challenge given this inherent inclination.
To harness the value of non-entrepreneurial innovators, we need entities referred to as Venture Builders?, equipped with the capacity to act as the entrepreneurial and business driving force behind these innovators.?
Commencing with a private equity fund, Project X distinguishes itself by utilizing the fund to consistently invest in education, leadership development, continuous improvement, the retention of serial entrepreneurs and executives, and a state-of-the-art data lab for top-tier due diligence.
Project X is dedicated to exchanging equity in pre-revenue companies, aiming to push forward exceptional ideas in their early stages of development. This is done with a sense of urgency, aligning with the seventh generation principle, where decisions made today should contribute to a sustainable world for generations to come. The mission also involves maintaining a long-term portfolio that eliminates the need for exits and traditional venture capital.
Having identified commercially viable innovations and innovators, assigned a chief entrepreneur, and assembled the due diligence team, we can commence our due diligence process. This involves following the guidance of our Project X due diligence methodology, which encompasses assessments of global research, commercial, capital and patent landscapes. Upon completion, the report is presented by the investment readiness committee, leading to a determination of a red, yellow, or green light.
After obtaining approval to proceed, the chief entrepreneur and the innovator can collaboratively develop business canvases, including pre-research, research, commercialization, and growth roadmaps, enabling them to identify and capitalize on any opportunities for continuous improvement.
Upon receiving the green light to proceed, the chief entrepreneur and the innovator can initiate the implementation of their pre-research canvas, incorporating fractional executives as necessary.
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After receiving approval to move forward, the chief entrepreneur and the innovator can commence the execution of their research canvas, integrating fractional executives as required.
After receiving approval to move forward, the principal entrepreneur and the innovator can commence the execution of their commercialization canvas, integrating fractional executives as required.
Upon obtaining approval to advance, the chief entrepreneur and the innovator can initiate the implementation of their growth canvas, incorporating fractional executives as needed.
In this stage, the company undergoes the transition from the Project X Venture Builder? to integration into the holding company, complete with an autonomous executive team and a Chief Executive Officer.
The holding company of Project X is situated within the Project X private equity fund. In the future, there is a possibility that the Project X private equity fund may transform into a publicly traded entity. This evolution is intended to improve accessibility for both consumer and institutional investors. Furthermore, it introduces an innovative concept of promptly offering liquid shares in the private equity fund from the beginning, providing innovators with a swift avenue for benefits without the typical delays associated with traditional venture capital.
We hold the belief that individuals such as engineers, scientists, artisans, creatives, and academics, who might not naturally possess the inclination or ability to transition into the role of an entrepreneurial founder, require a non-entrepreneurial path. This approach can unlock a significant reservoir of innovation globally, particularly within the applied research community, and Project X aims to realize this potential through its straightforward investment thesis.
Clarifying and curious questions are always most welcome: [email protected]