How do you spin out successful startups from inside a 160-year-old corporate giant?

In this episode of Beyond the Core, Ben and Marcus sit down with Simon Ratcliffe, Venture Building Director of DNV, to unpack how he’s led two corporate spin-outs with a third on the way, inside one of Europe’s most respected engineering firms.

Simon reveals how DNV moved from internal incubation to true venture building, the strategic reasons behind spinning companies out, and the surprising dynamics of startup-style governance, cap tables, talent incentives, and CVC alignment.

Whether you're a corporate innovator, CVC operator, or venture builder, this is a rare inside look at what actually works and what doesn’t, when it comes to launching startups from legacy organizations.