FORGE.Fast

Reimagining Transformation in the Intelligence Age

with Phy’gital (Hardware-First, Digital-Plus) Startups as Innovation & Growth Partners to Industrial Majors

Forge.Fast’s Corporate Venture Studio-as-a-Service model leverages proven strategies and operating models namely Open Innovation, Startup Innovation, Venture Building and Venture Capital, and their convergence with Corporate Strategy for unlocking business value and gaining competitive advantage across the lifecycle of seeding, accelerating, and scaling industrial tech ventures.

Forge’s CVS Compass is a unified strategic planning framework for maximising value through Corporate-Startup engagements - offering an all encompassing visualisation tool to plan, execute, manage and govern strategic corporate innovation through corporate venturing programs. The Compass leverages a STRATEGY SANDBOX at its core, which serves as the contextual lens to implement VALUE CREATION PROGRAMS (Startup Engagement Programs). These programs are selected, scoped and sequenced for implementation are tied to VALUE CAPTURE MODELS (Startup Partnership Models) for unlocking financial, commercial, organisational, and operational value. Ultimately the governance and management of the portfolio of startup engagement programs and startup partnership models for maximising enterprise value are structured as VALUE GENERATION PATHWAYS

STARTUP PARTNERSHIP MODELS

VALUE CAPTURE

Startup partnership models power industrial majors to unlock business potential from scale-ready strategic assets, diversifying offerings, scaling futuristic business models, driving inorganic growth in a dynamic market landscape and emerging as winners in the tech dominated future.

STARTUP ENGAGEMENT PROGRAMS

VALUE CREATION

Startup engagement programs enable industrial majors to tap into entrepreneurial innovation for building long-term competitive advantage, generating disruptive business value from emerging technologies, and creating strategic assets for investment and growth.

Foundational base & contextual lens to develop a comprehensive framework for industrial transformation through strategic startup engagement aimed at building generational advantages and achieving company's overarching vision for business growth.

Clientele

Serves as the foundational phase for a Corporate Venture Studio, involving the development of a comprehensive strategy framework aimed at maximising transformational outcomes, in alignment with and complementing the company’s overarching vision for business growth & transformation.

By developing the Industrial Major’s (Corporate) transformation strategy and articulating the rationale and strategic themes thereof, the Strategy Sandbox serves as the point of origin and defines the guiding principles for corresponding value creation programs and value capture models.

TECH-POWERED INDUSTRIAL DIGITAL TRANSFORMATION FRAMEWORK

The Sandbox implements a Portfolio Management Strategy that outlines a structured framework for effectively managing a portfolio of concurrent value creation programs and value capture models, encompassing various elements including portfolio diversification, risk management strategies, evaluation criteria, etc to maximise transformation outcomes and RoI, as well as determining the Strategic Prioritising [Scope, Span & Sequence], Horizon Planning, Capital Allocation towards multiple Value Generation Pathways that create, capture and generate enterprise value from startup engagements & technology development.

This is in turn supported by an Integration Readiness Checklist, offering a structured approach to evaluate integration opportunities for potential startup partners into the operations and ecosystem, thereby mitigating risks associated with integration challenges.

CRITICAL CAPABILITIES

Technology Development Focus

SUSTAINABILITY GOALS

Sustainability Excellence Outcomes

INVESTMENT THESES

Strategic Investments & Acquisitions

TRANSFORMATION THRUST AREAS

Operational Excellence Outcomes

GROWTH OPPORTUNITIES

Business Excellence Outcomes

PMO & IMPLEMENTATION

Overall program execution is driven by a dedicated PMO, responsible for program governance, monitoring, reporting, and stakeholder communication This ensures a defined number of engagements and investments are realised within an established timeframe, including the sourcing and selection of potential technology partners. The PMO will implement and manage standard operating procedures to ensure program efficiency, and proactively monitor the execution of the resulting engagements & investments, identifying and addressing any potential delays or roadblocks.

Selection

SELECTION of & Capital Allocation to Capability Creation Tracks (CCT) & Tech Advancement Pathways (TAP)

Sequencing

SEQUENCING & Horizon Planning of CCTs/TAPs prioritised based on Capabilities Portfolio & Readiness Levels

Spanning

SPANNING of parallel execution of CCTs & TAPs to shorten Time-To- Deployment & generate Preemptive Tech Access

VALUE CREATION
PROGRAMS

Startup engagement programs enable companies to innovate faster, build long-term competitive advantage, and capture value from emerging technologies. By partnering with startups, companies can access new markets, reduce costs, and drive growth, ultimately enhancing their resilience and profitability.

ACCELERATE

PRODUCT & VENTURE
Product & Venture Acceleration with pert guidance from industries at every stage, rooted in nnovation/Product Management principles and tracked by milestones and metrics, to ensure processdriven execution excellence and efficient fund utilisation for maximum impact, fostering a collaborative environment aimed at building a sustainable pipeline for future value creation.

SPONSOR

PRODUCT DEVELOPMENT & SCALE
Catalytic capital to fund hardware product development, commercialisation & venture growth via innovation & pilot grants for hardware tech startups - ultimately allowing for potential IP ownership and resource augmentation via acqui-hiring opportunities

DEMO/PILOT

VALIDATE VALUE CREATION
Identify & explore startups as potential long term tech partners by demonstrating a clear proof of value & business case for factory-wide adoption.

EXCUBATE

SPINOUT INNOVATION PROJECTS TO TECH VENTURES
Seed, Accelerate and Scale “Spin-In” tartups as potential acquisitions for industrial majors, enabling internal innovations to grow and scale into full-fledged tech enterprises that can add to the topline of these industrial majors - but built with minimal risk of validation or technology.

BUILD

CO-INNOVATION
Harness startup-driven emerging tech innovations to drive applied research into development of critical capabilities, IP-generation and joint-product development or upgradation of products for market expansion & penetration and/or system-integration partnerships.

VALUE CAPTURE
MODELS

Startup partnership models unlock potential for inorganic scale by enhancing competitive advantage, diversifying product offerings, as well as unlocking bottom-line growth via cost savings driven by operational efficiency. These models capitalise on engagement programs for value creation - harnessing on the transformation of innovative technologies into revenue-generation opportunities, ultimately driving inorganic growth and profitability in a dynamic market landscape.

SELL

JOINT GTM & SYSTEM INTEGRATION
Leverage external / joint innovation to create and capitalise on lower risk revenue generation opportunities from commercialising these startup innovations; targeted at potential internal customers, partners, and stakeholders, that enable Industrial Majors to ultimately expand & upgrade offerings resulting in diversified product portfolios.

MAKE

JOINT INDUSTRIALISATION
Industrial-grade Production of startup innovations, leveraging existing manufacturing infra, supply chain and processes to rapidly scale production and effectively navigate the complexities, regulations, standards of industrial-scale manufacturing.

INVEST

STRATEGIC INVESTMENTS
Strategic investments to capture value from growth of partnered startups to boost business value, gain a tech advantage over competitors and evaluate potential acquisition targets in a low-risk environment

ACQUIRE

M&As
Strategic acquisitions to absorb startups into BUs to diversify offerings, consolidate market share, own & integrate cutting edge tech and unlock efficiency & therefore value via harnessing economies of scale.

BUY

LARGE-SCALE PROCUREMENT
Horizontal/BU-wide deployment of scalable solutions demonstrating a clear proof of value & business case for factory-wide adoption, and empanelment of startups as tech partners

Vedanta Spark is a groundbreaking corporate open innovation initiative aimed at transforming the energy and resources sector through collaboration with startups. In partnership with Forge Innovation & Ventures, the program explores 16 opportunity areas to drive digital transformation and sustainability.

It offers two engagement models: commercial partnerships, which involve paid pilot projects that can scale into comprehensive solutions, and equity investments that capture technological advantages. Startups retain their intellectual property while gaining access to Vedanta's extensive ecosystem. With 80 startups engaged across 120 projects, Vedanta Spark exemplifies a commitment to operational excellence and sustainable innovation in India’s industrial landscape.

105

#INNOVATION CHALLENGES
(Across 16 Opportunity Themes)

1700

#STARTUPS DISCOVERED
From 27 Countries across the globe

250 +

#STARTUPS SHORTLISTED

85 +

#STARTUP PARTNERS IDENTIFIED

₹

42 Cr

STRATEGIC INVESTMENT BUDGTED

₹

126 Cr

BUSINESS VALUE CREATED

3 X

BUSINESS IMPACT FOR VEDANTA (ROI)

170

#STARTUP PARTNERS IDENTIFIED

Airbus Innovation Scouting & Industrialisation

Airbus' Innovation Scouting & Industrialisation program, a platform under Airbus Scale's Open Innovation vertical, aims to accelerate joint-industrialisation projects by connecting Indian startups with Airbus business units globally. The initiative focuses on partnering with innovative startups in aerospace, defence, AI, unmanned systems, industrial automation, sustainable aviation, connectivity, autonomy, and space technologies.

Selected startups receive unique opportunities, including collaboration with Airbus domain experts, strategic advisory, market access across Airbus business units, and a Proof of Concept fund for product validation. The program enables startups to develop scale-ready products with compelling business cases, supporting Airbus' 'local to global' strategic approach.

7

#INNOVATION CHALLENGES

1700

STARTUPS EVALUATED

250 +

#STARTUPS SELECTED

The BGSW Tech Ventures Accelerator is Forge's managed services program designed to connect Bosch Global Software Technologies with innovative Phy'gital(Hardware-First, Digital-Plus) startups. The initiative aims to unlock enterprise value and strategic outcomes across critical innovation domains.

The program positions Bosch at the technological forefront by enabling strategic partnerships with startups. It facilitates business growth through deployment of market-leading software products and seamless integration of innovative solutions into Bosch's global ecosystem. By bridging technological gaps and fostering collaborative innovation, the accelerator drives revenue enhancement and competitive advantage for Bosch's software technologies.

15 -

20

STARTUPS SELECTED

4

INNOVATION THEMES

10

STARTUP DEEP-DIVES

100 +

APPLICATIONS SOURCED

5

STARTUPS ACCELERATED & PARTNERED

Forge.Factory, G Floor, KCT Tech Park,
#3 Athipalayam Road, Chinnavedampatti,
Coimbatore 641049 info@forge-iv.co +91 94433 54312

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Reimagining Transformation in the Intelligence Age

STARTUP PARTNERSHIP MODELS

STARTUP ENGAGEMENT PROGRAMS

Clientele

STRATEGY SANDBOX

TECH-POWERED INDUSTRIAL DIGITAL TRANSFORMATION FRAMEWORK

CRITICAL CAPABILITIES

SUSTAINABILITY GOALS

INVESTMENT THESES

TRANSFORMATION THRUST AREAS

GROWTH OPPORTUNITIES

PMO & IMPLEMENTATION

ACCELERATE

SPONSOR

DEMO/PILOT

EXCUBATE

BUILD

SELL

MAKE

INVEST

ACQUIRE

BUY

FORGE'S CVS PORTFOLIO

105

1700

250

+

85

+

₹

42

Cr

₹

126

Cr

3

X

170

7

1700

250

+

15

-

20

4

10

100

+

5