EY Foundry™
Corporate Venturing Unit
Focused on building and launching new digital businesses that create transformational growth.
Corporate venturing is the art, science and discipline of investing in and commercializing entirely new businesses that create future growth and competitive advantage. It involves spearheading growth by entering new adjacent customer segments, leveraging emerging technologies and innovating around business models.
As experienced entrepreneurs, strategists, venture investors and digital product leaders, we believe success relies on creating a balance between the speed and agility of the entrepreneurial approach and the business discipline to align new ventures to the strategic objectives of your company.
Our team helps build businesses across multiple industries that are ambitious and forward-thinking yet grounded in sound business rigor. We all share a passion for digital technologies, new business models, disruptive innovation and their power to transform the business landscape.
How we turn ideas into new-growth businesses
Digital disruption is rewriting the rules of business by dramatically expanding the limits of what’s possible
Digital impacts nearly every aspect of businesses across all industries: customers demand more choice and convenience, brands play a bigger role, costs are dramatically lowered, distribution and service channels are radically altered and competition can come from out of nowhere overnight. Digital has let loose an avalanche of strategic possibilities for how to compete. The very fabric of previously stable industries is transformed as a result of unrelenting change — resulting in existential threats for some companies and huge opportunities for others. To survive and thrive, incumbents must evolve their core areas of focus while also pursuing entirely new opportunities. To disrupt, develop and differentiate, startups need insights and awareness to make a lasting mark.
Examples of ventures built by EY Foundry
EY Employee Retention Credit Solution
Tax credit calculator
A web-based tool that helps SMBs – including those that took Paycheck Protection Program (PPP) loans – calculate their ERC in a guided manner.
EY TaxChat™
Retail tax preparation
A website and app that brings the depth of the EY tax experience to individuals and small business via a seamless digital user experience*.
EY Navigate™
Personal financial wellness
A hybrid human and digital personal financial wellness solution that helps individuals meet their personal financial goals across all stages of their life*.
EY CryptoPrep™
Crypto tax
A web-based solution that takes the complexity out of the process of calculating tax-related gains or losses from cryptocurrency transactions by connecting with major exchanges and wallets. EY CryptoPrep uses an advanced tax calculation engine built by EY professionals*.
EY Engage™
On-demand access to EY experience
A web-based, mobile-enabled application that provides clients quick and easy access to EY staff for short-term projects*.
*US-based products only
Our latest thinking
Press releases
EY US announces collaboration with Techstars to accelerate innovation for EY Americas Tax
Ernst & Young LLP (EY US) today announced the collaboration between EY Foundry (the firm’s internal corporate venturing unit) and Techstars.
24 May 2021
EY Launches First-Of-Its-Kind Cryptocurrency Reporting App
Ernst & Young LLP (EY US) announced today the launch of EY CryptoPrep, a cryptocurrency application that assists with US tax filings.
18 Jun 2020
TaxChat™, powered by EY, offers tax preparation directly to individual US taxpayers
Ernst & Young LLP (EY US) announced today that beginning January 2020, EY TaxChat™, its award-winning, on-demand mobile tax preparation service, will be offered directly to consumers who are required to file US tax returns.
10 Dec 2019
New EY CAAT technology facilitates cryptocurrency reporting and compliance
NEW YORK, 4 MARCH 2019. Ernst & Young LLP today announced the launch of the EY Crypto-Asset Accounting and Tax (CAAT) tool, a technology solution that facilitates accounting and tax calculations for cryptocurrency transactions. The US rollout is part of the EY strategy to lead the industry with blockchain-related capabilities and services worldwide.
4 Mar 2019
