Making Sense of It All _______________ Column by Reid McRae Watts Advice and Perspective for Corporate Executives   Wednesday, October 26 2005 3:00 pm The role of the CIO is about to change again. Over the last five to ten years, the CIO role in most companies has been twofold: (1) to implement an Enterprise Resource Planning (ERP) system covering as many corporate processes as possible; and (2) to outsource as much of the Information Technology (IT)  function as possible. The resumes of CIOs brag about implementing SAP or Oracle ERP systems company-wide and negotiating huge outsourcing contracts.   More Focus and Strategy Using non-traditional approaches to technology commercialization, Progeny Ventures is able to help companies gain the best of both the corporate and the startup worlds when creating new-to-the-world products and new markets. In the News Articles by Reid Watts can be found in the following publications: -Journal of Business Strategy (May-June 2002) -Research Technology Management (November-December 2001) -CIO Magazine (November 15, 2001) -The Corporate Venturing Report  (November 2001)

Clients & Client  Resources Progeny Ventures helps corporations with everything from identifying venturable opportunities to commercializing specific concepts and technologies using combinations of external and internal talent and capital.  Current clients include Battelle and NCR. Book  Recent Book by Reid Watts, Managing General Partner "The Slingshot Syndrome: Why America's leading Technology Firms Fail at Innovation"  picture to Our Portfolio The Progeny portfolio currently contains one company, Brickstream, which recently closed a $9M venture round. Intrapreneur's Resources Do you have what it takes to be an entrepreneur?  Click on Intrapreneurs Resources above  for links to tools to help you evaluate your skills and to learn more about entrepreneurial skills. Have a great idea for a venture?  Click here

Events and Seminars At the Charleston Technology Triangle Entrepreneurship Forum meeting, held  February 23, 2004 in Charleston, SC, Reid Watts presented "Innovation, Technology Transfer, and Commercialization - Challenges and Opportunities"  (500KB .pps) At the "eLessors Networking Association" meeting, held  August 28-30, 2002 in Atlanta, GA, Reid discussed his book "The Slingshot Syndrome" At the International Association of Institutional Venturing and Intrapreneurship meeting, held July 25-26, 2002 in Boston, MA at MIT Sloan School of Business,  Reid  presented: "Spinning-off to Maximize Corporate Value" At the Corporate Venturing and Strategic Investing Conference, held February 12-13, 2002 in Palm Springs, CA,  Reid was on the panel "Spinning out corporate start-ups" The Agenda 2002 Executive Forum, held in Scottsdale, AZ in October 2001, included a preceedings submission by Reid Watts:  "CEOs: Innovate in a way that works"  At the Industrial Research Institutes' Annual Meeting, held May 21-23, 2001 in Boca Raton, FL,  Progeny Ventures presented  "How large corporations can use the venture capital /startup approach to commercialize discontinuous innovation."  Contact Information If you need to find us, please visit the above link. If you have comments about this site, please feel free to contact our webmaster webmaster@progenyvc.com FAQ's Answers to frequently asked questions.  Look here first.  If you can't find the answer to your question, send email to: info@progenyvc.com