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EY Foundry™ Corporate Venturing Unit
Focused on building and launching new digital businesses that create transformational growth.
Corporate venturing is the art, science and discipline of investing in and commercializing entirely new businesses that create future growth and competitive advantage. It involves spearheading growth by entering new adjacent customer segments, leveraging emerging technologies and innovating around business models.
As experienced entrepreneurs, strategists, venture investors and digital product leaders, we believe success relies on creating a balance between the speed and agility of the entrepreneurial approach and the business discipline to align new ventures to the strategic objectives of your company.
Our team helps build businesses across multiple industries that are ambitious and forward-thinking yet grounded in sound business rigor. We all share a passion for digital technologies, new business models, disruptive innovation and their power to transform the business landscape.
How we turn ideas into new-growth businesses
Digital disruption is rewriting the rules of business by dramatically expanding the limits of what’s possible
Digital impacts nearly every aspect of businesses across all industries: customers demand more choice and convenience, brands play a bigger role, costs are dramatically lowered, distribution and service channels are radically altered and competition can come from out of nowhere overnight. Digital has let loose an avalanche of strategic possibilities for how to compete. The very fabric of previously stable industries is transformed as a result of unrelenting change — resulting in existential threats for some companies and huge opportunities for others. To survive and thrive, incumbents must evolve their core areas of focus while also pursuing entirely new opportunities. To disrupt, develop and differentiate, startups need insights and awareness to make a lasting mark.
Examples of ventures built by EY Foundry
EY ConvoCoach™
Verbal communication skills training platform
A scalable artificial intelligence (AI)-powered platform providing simulated role-play scenarios, utilizing a unique AI approach to offer realistic conversational skills practice in a judgement-free environment.
EY Employee Retention Credit Solution
Tax credit calculator
A web-based tool that helps SMBs – including those that took Paycheck Protection Program (PPP) loans – calculate their ERC in a guided manner.
EY TaxChat™
Retail tax preparation
A website and app that brings the depth of the EY tax experience to individuals and small business via a seamless digital user experience*.
EY Navigate™
Personal financial wellness
A hybrid human and digital personal financial wellness solution that helps individuals meet their personal financial goals across all stages of their life*.
EY CryptoPrep™
Crypto tax
A web-based solution that takes the complexity out of the process of calculating tax-related gains or losses from cryptocurrency transactions by connecting with major exchanges and wallets. EY CryptoPrep uses an advanced tax calculation engine built by EY professionals*.
EY Engage™
On-demand access to EY experience
A web-based, mobile-enabled application that provides clients quick and easy access to EY staff for short-term projects*.
*US-based products only
Our latest thinking
Why corporate venture capital programs are more important than ever
In tumultuous times, corporate venture capital programs are more important than ever.