Corporate Venture Capital and Incumbent Firm Innovation Rates
- Topics:
- Commercial Banking
- Tags:
- Entrepreneurial,
- Stern School Of Business,
- Management,
- Investment,
- Innovation,
- Financing Startups,
- Finance,
- Entrepreneurship,
- Entrepreneurial Venture,
- Venture Capital
- Source:
- Stern School of Business
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Overview: This paper focuses on the potential strategic benefits to corporate venture capital, i.e. equity investments in entrepreneurial ventures by incumbent firms. The paper's investigation builds on two theoretical pillars. First, that incumbent firms operating in competitive markets are inclined towards introducing innovations. Second that the knowledge necessary to generate innovation may likely reside outside the boundary of the incumbent firm and in entrepreneurial ventures. Thus, the paper proposes that corporate venture capital programs may be instrumental in harvesting innovations from entrepreneurial ventures and thus an important part of a firm's overall innovation strategy.
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Format: PDF | Size: 88KB | Date: Mar 2002 | Pages: 33
