Today, when digital transformation is a big buzzword, it's not uncommon for corporations to set up innovation functions. However, most had faced difficulties when implementing such initiatives. While some had implemented within the mothership, some had spun out the unit to explore the new frontier.
SCB 10X was spun out as a new company to build ventures from scratch and grow the team from zero to 30 people with diverse backgrounds. The team aims to launch the product to market at 5X speed compared to banks. For Techsauce Global Summit, Kaweewut Tong Temphuwapat, Head of Venture Builder – SCB 10X, will share his experience building the venture inside the organization, including building process, culture and tools.