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The two firms are putting in a combined £1.6m to launch the venture, which will also sell internal tours.
That threatens to make the venture unprofitable.
More details on the venture to come.
Companies too often vacillate in their commitment to internal corporate venturing activities, leading to less than optimal outcomes.
In response to environmental changes and the findings of experiments, the venture builds new internal capabilities and, if necessary, revises the original deliberate strategy.
The venture led to his financial ruin.
It means restructuring staid, 9-to-5 operations as more nimble confederations of entrepreneurs (meaning "entrepreneurs" in the broadest sense of the word, from independent startups to internal corporate ventures).
I've spent a career convincing editors that the internal workings of Venture Capital are more interesting than they sound, but even I can't muster the passion to declare convertible debt AWESOME while equity TOTALLY SUCKS.
While acquiring additional external resources is partly the answer, the internal challenge is to wisely shepherd, conserve, and deploy the resources the venture does possess.
Between 2007 and 2010, BIUFF received external ventures, but this was the subject of criticism from the internal community, due to the lack of physical space.
Even the venture funding groups discussed above had differing ratios of financial to social return goals.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com