Ep. 26 - Inside the CampX model
CampX was launched back in 2020. Labelled as Accelerator, it is actually a Venture Client platform, or, as Helene Niklasson, VP Innovation Ecosystems & Partnership and Head of Camp X - Volvo Group, calls it, a “testing tool” or “validation machine” for onboarding solutions from startups.In this podcast, she delves deeper into the CampX model alongside our Chairman, Alberto Onetti.And here are the main highlights:- Selected startups in very focused areas enter into a POV (Proof of Value). If it is successful, solutions are integrated in technology platforms or services and scaled internally. Since the launch, 80 projects have been validated and about 10-15% of them are currently in the integration phase. The internal target is to run about 50 ongoing projects across the 4 locations (Gothenburg, Lyon, Greensboro, and Bangalore) where Volvo Group has its R&D sites (CampX is under the CTO office).- In 2022 a Venture Builder was added, and in 2023 an Incubator. Both are deployed only at the Gothenburg R&D facility, but if they prove successful, the CampX team is hoping to roll it out to other sites.- The Venture Builder, led by Karin Falck, is the landing point for internal ideas and IP that are vetted through subsequent iterations. Thus far 4 projects have been developed, 2 deployed internally and 2 span- out.- The Incubator programme - led by Robert Jan van Vugt - gives some 30 startups access to the company’s testing labs, workshops and prototyping space for two years. It’s focused on seed/early stage startups that would otherwise be years away from being mature enough for a joint project with Volvo Group.Volvo Group is among the Top100 world's "Corporate Startup Stars" awarded in Paris last December.