01
Centers of Excellence
We pose farfetched hypotheses, exploring the question “What if...?” Our entrepreneurial scientists allow hypotheses to evolve through variation and selection, collaborating with external experts to test the weaknesses and strengths of new concepts. We create better and better hypotheses until we identify something that might be a breakthrough.
02
Labs
Promising Centers of Excellence become prototype labs, or “Labs,” and are assigned a number according to their place in the series: “L1,” “L2,”… “L10,” etc. Our founding teams test concepts, and discontinue Labs that cannot validate their science in the laboratory.
03
Startups
If the founding team can plausibly convert the question “What if…” to the answer, “It turns out...” a Lab becomes a new company, or “Startup,” with a name and significant capital commitment. Each Startup focuses on developing a proprietary platform.
04
Scaleups
Ultimately, a Startup is spun out to become a growth company, or “Scaleup.” A Scaleup's leadership team attracts outside investors, forges partnerships, and builds a business that creates extraordinary future value. At this stage, we sell our share in the company to our corporate partner.