The fundamental criterion is a strong strategic fit. We are Equinor’s corporate venture unit, hence our first filter would be to assess what the company can bring to Equinor, now or in the future by way of “Support”, “Growth” and/ or “Impact”.
If the strategic fit is strong, we will use the following parameters to evaluate which opportunities to pursue:
Significant implementation value: Product or service that can be implemented in Equinor’s value chain: (1) strengthen current business and/ or strategically improve revenue, cost and/or HSE; (2) grow Equinor in new business segments
Scalable business model and market potential: We will target companies with a scalable business model with markets that are large enough to allow the portfolio company to grow quickly to a significant size.
Strong team: We will back management teams who have the drive to build successful world-class companies, have entrepreneurial experience and are committed.
Competitive advantage: Every interesting business has real competition. We will invest in companies that can convince us that they have the advantage that address all forms of competition and can sustain these advantages over several years.
Exit potential: Last but certainly not the least – strong outlook for a successful exit. Potential for attractive returns will drive our evaluation process.