Corporate venturing

Dushnitsky, G (2014) Corporate venturing. In: Palgrave encylopedia of strategic management. Palgrave.

Abstract

Firms’ survival and growth critically depend on their ability to innovate. In addition to internal R&D, firms are increasingly pursuing (open) INNOVATION through engagement with external partners. Corporate venturing emerges as an integral part of this strategy as firms harness innovative entrepreneurial ventures. Due to the unique nature of the phenomenon, the corporate venturing literature is informed by, and contributes to, the fields of ENTREPRENEURSHIP, finance and strategy. We provide a definition of corporate venturing and brief examination of its benefits, uses and implications to scholarly work.