Perfect Monday Morning! ☀

We are thrilled to announce that REHAU New Ventures has been ranked as one of the TOP 10 (ranked no. 8) innovation units in this year's Capital Magazin and Infront Consulting & Management GmbH study #KonzerneAufDenSpurenVonStartups. 🚀
Category: Manufacturing Companies.

A big thank you to Capital Magazine and Infront Consulting & Management GmbH for this recognition!

The study was based on three criteria, #people #planet #profit. Innovations that emphasise one dimension at the expense of the others are therefore not considered truly sustainable - even if in practice added value can rarely be generated to the same extent in all three dimensions.

The booklet with the results of the study is available for free, you can find the link in the comments.

Congrats to the top 3 winners in the category of manufacturing companies BSH Startup Kitchen, iQ water solutions and to Hansgrohe Group Inno Lab as well as to our friends from Lufthansa Innovation Hub for their great ranking within the category transport & infrastructure. You rock!

#pushingthelimits #innovation #weenhancelives #rehaunewventures

euerzuhause - game changer for the construction industry! Imagine a world where finding the perfect match of your dream house is as effortless as swiping right on Tinder. 📲💑

Well, that's exactly what our venture euerzuhause brings to the table. Curious? We are thrilled to announce that euerzuhause will joining the endconsumer fair at "meinZuhause" this year! 🎉

Here's a sneak peek of what you can expect:
✨ Meet our Co-Founders Maximilian Gassner and Thomas Raab in person
✨ Get insights into how we disrupt the process of finding your dreamhouse
✨ As a potential partner get in touch with the product and see how euerzuhause supports our partners to get the most qualified leads you can imagine!

Don't miss this opportunity to connect with the team and learn about our exciting product!

When? 23rd- 24th of September.
Where: Nueremberg, Ofenwerk

#euerzuhause #meinzuhause #innovation #weenhancelives #rehaunewventures #venture

See you at the fair! 🏡🤝

REHAU New Ventures x TechCrunch Disrupt San Francisco!

🚀 Meet Bradley Doering, Founder & Business Owner of our brand new venture "homerenu", at the TechCrunch Disrupt in SF where he discusses pioneering home renovations". 🚀

Our mission at homerenu is to simplify and revolutionize and yes - finally disrupt - the renovation experience!

In a nutshell...

🤝 Homerenu understands the complexities that come with kitchen and bathroom renovations. That's why they are working tirelessly to create a platform that simplifies this process, enabling the customer to focus on what to do best - creating stunning spaces that homeowners will love. But homrenu is not just about making things easier. The vision for homerenu extends beyond operational efficiencies.

💪 Homerenu aims to uplift the entire kitchen and bathroom renovation industry, championing best practices, fostering innovation, and paving the way for a more sustainable and customer-focused renovation experience. It is more than just a #platform – it’s a #revolution in the #home #remodeling #industry. It's a movement that seeks to support contractors, elevate standards, and, ultimately, transform the way we renovate.

🙌 Homerenu will #shape the future of kitchen and bath remodeling. Curious about it?

So are you ready to disrupt home renovations with Bradley Doering at Disrupt SF? 🏡

#rehaunewventures #weenhancelives #contech #onstage #foundersonstage

🌟 Embracing Diversity in Berlin 🌍

Berlin, the vibrant heart of Europe, is not just a city; it's a melting pot of cultures, ideas, and innovation. Diversity is not just a buzzword here; it's a way of life. From its rich history to its thriving tech scene, Berlin thrives on the unique perspectives and experiences that people from all corners of the world bring to the table. 🌎🤝

As REHAU New Ventures we are located in betahaus, a coworking space in Berlin Kreuzberg, that is a great anchor for us.

This time we were also able to step in at Lufthansa Innovation Hub. Kristian Weymar and Sebastian Feldmann, so good to share experiences on doing Corporate Venture Building. Great to visit your office in Prenzlauer Berg, really really nice and impressive what you have built! Prenzlauer Berg stands for another facet that makes Berlin so interesting for us: the startup and VC ecosystem. When you sit in a restaurant there, you hear your neighbour talking about the same things we do: Ticket size, cap table, deal flow.... 😀
Let's celebrate Berlin's commitment to diversity, equality, and inclusion. 🌈✨

#Berlin #diversity #inclusion #innovation #equality #globalcommunity #networking #weenhancelives #rehaunewventures

Today we conclude our series on Corporate Venture Building and talk about the measures we take to minimize the risks of #CVB.
 
🚀 CVB can be a highly effective approach to innovation, i.e., successfully monetize developments in the market and build new businesses.

🔮 However, CVB comes with high levels of #uncertainty and is strongly related to the risk of #failure.

📉 To reduce this risk, we at New Ventures combine a systematic risk management with a critical portfolio size. For that the #ventures within the portfolio are categorized according to their levels of uncertainty and returns.

🗃 At New Ventures we aim to structure our portfolio with 50% of category 2 ventures that are likely to generate financial returns within our time horizon, while splitting the rest of the activities equally between category 1 and 3. Those consist of ventures with #low #risk and (very likely) #return (category 1) and ventures with #high #risk and high return (category 3). If a venture’s classification falls into the red area there will either be no #invest at all or it will be actively divested if it is already a part of the portfolio.

⚖ To fully deploy this strategy, we aim at adding one to two #ventures to the portfolio every year, to balance the individual risks of the ventures.
 
"With this strategy, we make sure that the entire portfolio will sustain growth of its value, as the risk is distributed across all ventures and we ensure financial returns near-term”, Richard Luetzner emphasizes.
 
What are your thoughts on this strategy? We would love to get your input!

#reducerisks #cvb #strategy #growth #ventures #invest #portfolio

Over the last few weeks, we've talked about what corporate venture building is, what we do with it within the REHAU Group and how we can approach corporate venture building. After successfully building 7 start-ups, we could identify several key facts that should be kept in mind when it comes to #CVB:

Since REHAU New Ventures focuses on the search fields “Better Living” 🏡 and “Digital Construction” 👷‍♂️ it is important to build up 👩‍🔬 domain knowledge in these areas to ensure that future #startups can profit from these competencies and expertise.

🗣 In order to build reliable domain knowledge, it is crucial to work with customer feedback and include testing throughout the whole venture building process.

🤖 By doing so, it is possible to gain #authentic #data on which business decisions – that always have to be data-driven – can be made. For that it is also important to define key performance indicators (KPIs) based on the collected data. Otherwise, it won´t be clear if a business idea is successful, because there is no reference point.

👥 Not only precise data is essential to make the correct decisions and investments, but also a dedicated team and suitable partners.

Michael Baur considers the co-founder team to be a central #pillar for a successful corporate venture building approach: "It's common sense that having the right people in place is essential to achieve sustainable and profitable growth. Our processes prioritize entrepreneurs' needs, enabling them to tackle what truly matters: the needs and challenges of their customers."

With the help of our venture building team and external partners, the venture´s team can #focus on its main #competencies and has the possibility to let experts handle specialised topics. That can help prevent the team from losing focus and therefore counteracts a chaotic work environment.

For that it is also important to separate core roles and functionalities amongst the different start-up teams.

Feel free to share your learnings with us too!

#cvb #startups #domainknowledge #customercentric #focus #precisedata