Why an ITD Venture Studio?
Venture studios are companies that assist entrepreneurs in launching new products and enterprises. They are also commonly referred to as startup studios or incubators, although there are some differences. In order to help the expansion of the startup ecosystem on the continent, venture studios have become more well-liked in recent years.
Venture Studios are solving the world’s biggest problems with the world’s best entrepreneurs. Because of this, the success of these startups is unprecedented.
84% of startups coming out of studios go on to raise a seed round. Of those startups that make it to the seed round, 72% raise a Series A. This is huge compared to traditional startups in which only 42% of ventures that get to seed make it to Series A. Ultimately, 60% of all companies created out of studios make it to Series A giving them a much higher chance of long-term success.
How we build
Branding
We help craft the brand’s identity, develop the branding systems, and seamlessly integrate it with product and marketing.
Product Design
We guide the product design process by creating mockups, UI/UX, systems design, and prototypes.
Operational Support
We offer support with company formation, legal strategy, marketing, operations, and hiring top talent.
Funding
We provide the initial capital to launch the business and support with follow-on funding and introductions to top VC funds to support growth.
Resources
We share our tested playbooks, processes, and go-to-market strategies to help get companies to market faster.
Network
We activate our network of advisors, founders, operators, investors, and designers to provide guidance, reduce roadblocks, and accelerate learning.
Our Approach
First, we start with an idea for a new business, generated by your team or ours. We go through our four-stage process which includes: Discovery, Design & Preparation, Experimentation & Iteration, and Learning and Refinement
We work with our clients to understand their new venture goals and strategic objectives. Secondary research and a collaborative workshop take place. A collaborative workshop takes place to capture the starting value proposition.
We identify and prioritise the key assumptions necessary to the success of the new venture. Agile experiments are designed to validate these assumptions.
Our team conduct primary research and execute the chosen experiments. We pivot the value proposition & iterate experiments based off learnings to find problem-solution fit.
We analyze the results of experiments, and validate/invalidate the key assumptions. Based on findings, we deliver a refined value proposition, and plan for the next steps