Advancing the world's ability to engineer enduringly profitable ventures
A global partnership of innovators, researchers, and impact investors advancing the science and practice of Integrated Venture Engineering (IVE), a new innovation methodology for creating enduringly profitable ventures.
IVE harnesses the proven processes, techniques, and tools that engineers use to routinely and reliably design and innovate new, complex systems under conditions of extreme uncertainty and risk.
WHAT WE DO
Applying Engineering Science to Venture Creation
Engineers routinely design and innovate new, complex systems under conditions of very high uncertainty and risk. From the Mars Rovers and the International Space Station, to the Channel Tunnel, Burj Khalifa, and Millau Viaduct. And they do so with high reliability. Even missions to Mars—a planet lying a staggering 140 million miles from Earth—have a 40% success rate.
Engineering’s reliability stands in stark contrast to the success rate of “moonshot ventures”—that is, businesses trying to profitably solve big problems and commercialize technological breakthroughs. The probability of any startup achieving enduring profitability—the ultimate measure of success for a business—hovers around 0.3%. Moonshot ventures are likely even lower.
Recognizing that venture builders are also faced with innovating new, complex systems under high uncertainty, we set out in 2014 to apply the proven processes, techniques, and tools used by engineers. Since then, a core science and practice of moonshot innovation has been codified through more than a dozen ventures.
The Global Integrated Venture Engineering Program is committed to developing methodologies and tools for concepting, architecting, and validating a new ventures through systems engineering.
