Within GE Ventures, a team of ten entrepreneurial investors focus on building new businesses that generate financial return and provide strategic value to GE. With a mission of driving growth and strategic options for GE in the next 5-10 years, the investment strategy of the New Business Creation Team (“NBC”) is to:
1) Enter new markets;
2) Develop businesses in areas strategic to GE; and
3) Maximize GE assets.
The ultimate goal of New Business Creation is to drive growth through creating disruptive business models and solutions for existing and emerging markets.
With access to unparalleled resources through GE’s Global Research Center, GE Digital, and GE’s IoT platform, Predix, the NBC Team leverages GE’s operational excellence, brand and scale to create options for breakout growth. NBC builds and funds new companies (“NewCos”) and participates in all aspects of the company building process: landscaping and solving for product-market fit, evaluating internal and external assets, crafting the business plan, building the financial and funding models, and operating the NewCos until permanent Management is hired. Industries in which the NBC Team has developed or is working on new opportunities include healthcare, energy, advanced manufacturing, and software and analytics.
GE is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. Through our people, leadership development, services, technology and scale, GE delivers better outcomes for global customers by speaking the language of industry.
GE offers a great work environment, professional development, challenging careers, and competitive compensation. GE is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
The NBC Associate Intern will be responsible for driving assisting the team on the customer discovery process and market research analysis. This position will be responsible for conducting primary market research on new market entry points into a NewCo. This research will require analysis into TAM, SAM, installed base, market share, value proposition, and point of entry into new markets.