Corporate venture capital as a strategy for external innovation: an exploratory empirical study

• Published in: R & D management Vol. 35; no. 3; pp. 233 - 242
• Main Authors: Ernst, Holger, Witt, Peter, Brachtendorf, German
• Format: Journal Article
• Language: English
• Published: Oxford, UK Blackwell Publishing 01.06.2005; Blackwell Publishing Ltd
• Subjects: Corporate objectives; Innovations; R&D; Research & development; Strategic planning; Studies; Venture capital; Germany

By creating corporate venture capital (CVC) units, large corporations predominantly pursue strategic objectives, especially the realisation of external innovations. Theoretical and preliminary empirical results on corporate venturing suggest how to manage CVC in order to achieve strategic objectives...