Startup Graduation: A Tool to Assess the Maturity of FCJ Group’s Startups
FCJ Group, the largest open innovation platform in Latin America, has announced the creation of a new system to classify its portfolio of over 300 startups. Based on specific criteria, this new tool will help measure the maturity level of the companies and identify the best solutions according to market demand.
In a diverse ecosystem with internal and external interests arising at different stages of a startup’s lifecycle, the Startup Graduation system will include four levels: Alpha, Beta, Traction, and Scale. Startups with international operations will also receive an additional Global seal.
The criteria used for each level’s classification are based on a company’s evolution, such as revenue, team, product/service, marketing, sales, and governance. To graduate to a higher level, companies must meet a certain degree of maturity in these areas.
With each graduation, startups will receive digital badges, certifications, and other recognitions such as plaques and trophies. This analysis will give FCJ Group a clear view of the portfolio’s progress, allowing them to address the specific needs of each startup.
“This is our first version, and we will evolve as we identify the need to update or improve these criteria,” notes Giovanni Oliveira, FCJ Group’s Director of Operations.
Managing a portfolio of startups requires a structured approach to evaluate and monitor each company’s progress. A graduation system that categorizes startups into different levels offers key benefits, starting with objective and consistent evaluation. With clear criteria, the system removes subjectivity and ensures that decisions are data-driven.
Additionally, the system helps identify areas that need attention, allowing VB and CVB managers to allocate resources effectively to help startups overcome challenges specific to each phase. With regular assessments, the system enables continuous tracking, ensuring startups progress in a healthy manner, with strategic adjustments as necessary.
For investors, a graduation system simplifies communication by providing a quick and clear overview of the status of each portfolio startup. This fosters trust in the portfolio management process. For startups, the system acts as a clear roadmap, encouraging continuous improvement by offering guidelines to reach new milestones.
Overall, the Startup Graduation tool aligns expectations, directs efforts, and increases the chances of success for startups. It structures portfolio monitoring, benefiting both investors and startups throughout their growth journey.
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