Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 78

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 78
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 an MNC or other technology innovator, (2)

significant market need, (3) transformative solution and (4) strategic execution. We analyze high level business,

financial, and technology issues to determine if the opportunity meets our key success criteria.

Phase 2 – Critical Factor Assessment : We identify, assess, and prioritize an opportunity’s critical success and

risk factors and develop a plan (to be executed in Phase 3) for in-depth systematic evaluation to quantify value,

address critical factors for success of a new business built around the opportunity, and mitigate risk factors. This is

an internal assessment to determine if an opportunity is sizable, transformative, and meets the minimum threshold

for advancement.

Phase 3 – Comprehensive Quantification : The Innventure team conducts a comprehensive review across all

DownSelect dimensions. A core focus is on quantitative analysis and strategy of the immediate new value created

for customers. We quantify the potential economic value to the B2B customer, create a pricing model that is

sufficiently compelling to predictably drive early adoption, and conduct bottoms-up, real-world testing to further

validate key hypotheses, especially around enabling critical success factors and mitigating critical risks. We develop

initial financials, including revenue models and capital and operating cost estimates; define preliminary

organizational structures and business plans; conduct field validations, often including prospective customer

interviews, pilot manufacturing and additional concept and product testing, to help validate critical assumptions.

For an opportunity that successfully passes through Phase 3, the DownSelect team, in collaboration with

Innventure senior leadership, recommends to the Board that the opportunity move to Phase 4 and proceed to create a

new Innventure Company.

Phase 4 – Strategy & Formation : We set the initial strategy, including go-to-market strategies and initial

business plan, for the Innventure Company, secure control of the technology via licensing or ownership, and create

the new company.

The DownSelect process typically takes six to nine months, though it may take as little as a few weeks to

decline an opportunity and as long as a year or more from the start of Phase 1 to full approval to launch a new

company. The process is managed by the DownSelect team with support from the broader Innventure team as well

as external subject matter experts as required. The primary goal of the process is to confirm that an opportunity

meets the key DownSelect criteria, and that we believe that the business has the potential to achieve or exceed a

target enterprise value