The pathway
How you actually get there, here
How you become one varies far more by country than what one does. This is the UK route. Most people take one of these ways in; the right one depends on where you're starting from.
- 1
Innovation Portfolio Manager (Internal Promotion)
3-5 years as an L5Skills to master
- Mastering enterprise-level portfolio balancing, making tough funding decisions, managing the overall innovation budget (P&L £500K-£2M), and influencing the Venture Board. You'd have already built and managed a team of managers.
You're ready to move on when
- Consistently achieving portfolio balance targets and delivering successful 'landing zone' transitions.
- Demonstrating strong leadership in managing a team of 10-25 (including managers).
- Successfully defending significant innovation investments and 'kill' decisions to senior leadership.
- Proactively identifying and mitigating systemic risks across the innovation portfolio.
- 2
Director of Strategy or Programme Management (External Hire)
15-20 years total experience, with 5-7 years at Director levelSkills to master
- Expertise in large-scale programme design and delivery, strategic planning, organisational change management, and C-suite stakeholder engagement. You'd bring a strong background in disciplined execution and strategic alignment.
You're ready to move on when
- Proven track record of successfully leading multi-year, multi-million-pound strategic programmes.
- Experience designing and implementing enterprise-wide processes that drive significant business outcomes.
- Strong capabilities in strategic planning, resource allocation, and risk management at a corporate level.
- Demonstrable ability to influence and align diverse senior stakeholders around a common strategic vision.
- 3
Head of Corporate Development / M&A (External Hire)
15-20 years total experience, with 5-7 years at Head levelSkills to master
- Deep understanding of corporate finance, due diligence, M&A processes, and strategic investment. You'd bring a strong commercial lens to innovation governance, particularly for H2/H3 bets and CVC activities.
You're ready to move on when
- Experience evaluating and executing strategic investments or acquisitions.
- Strong financial acumen and ability to model complex business cases for new ventures.
- Proven ability to integrate new entities or capabilities into an existing corporate structure.
- A strategic mindset focused on identifying and capitalising on market opportunities.