Corporate Venture Capital Cvc Seeking Innovation And Strategic Growth

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Corporate Venture Capital (CVC) Seeking Innovation and Strategic Growth

Author : Ian MacMillan
Publisher : CreateSpace
ISBN 13 : 9781475275285
Total Pages : 44 pages
Book Rating : 4.2/5 (752 download)

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Book Synopsis Corporate Venture Capital (CVC) Seeking Innovation and Strategic Growth by : Ian MacMillan

Download or read book Corporate Venture Capital (CVC) Seeking Innovation and Strategic Growth written by Ian MacMillan and published by CreateSpace. This book was released on 2012-04-28 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines corporate venture capital (CVC) as a model of innovation. CVC programs in established corporations invest in and partner with entrepreneurial companies. By doing so, established companies are able to identify and source new emerging technologies from entrepreneurial companies. CVCs typically make a financial investment and receive a minority equity stake in an entrepreneurial company. CVCs also facilitate investment of in-kind resources into portfolio companies. In return, the parent corporation gains a window on new technologies and strategically complementary companies that could become strategic partners. CVCs generally invest with a combination of financial and strategic objectives. Strategic objectives include leveraging external sources of innovation, bringing new ideas and technologies into the company, and taking "real options" on technologies and business models (by investing in a wider array of technologies or business directions than the company can pursue itself). Corporate venture capital may be viewed in the broader context of corporate venturing, including both internal and external venturing. Internal venturing programs "go inside" the firm and create entrepreneurial ventures from within the corporation. External venturing programs "go outside" the firm and tap external sources of innovation, whether through research collaborations with universities, strategic alliances with other firms, or partnerships with entrepreneurial companies. Often, the firm's internal and external venturing efforts are closely related and interact with each other. CVC programs in established corporations face both inward and outward. They face outward to build relationships with the entrepreneurial venture community, learn about new technology and business directions, and make investments that create new strategic opportunities for the corporation. They face inward to interact with the firm's R&D and business operating units, in order to identify operating units' interests and priorities. CVCs support the corporation's existing businesses by introducing new technologies and partnerships to its operating groups. At the same time, CVCs help identify technologies and opportunities that fall between or beyond the corporation's existing businesses. This report uses industry data and original survey data to describe trends and characteristics of CVC organizations and investments. These data provide insight on a range of issues relating to CVC operations and investments. U.S. Department of Commerce, National Institute of Standards and Technology. NIST GCR 08-916

Corporate Venture Capital

Author : Percival Barretto-Ko
Publisher :
ISBN 13 :
Total Pages : 77 pages
Book Rating : 4.:/5 (749 download)

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Book Synopsis Corporate Venture Capital by : Percival Barretto-Ko

Download or read book Corporate Venture Capital written by Percival Barretto-Ko and published by . This book was released on 2011 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: The decline of innovation has hampered the growth of many large corporations as they seek to remain competitive in increasingly challenging conditions. To complement, and at times, replace their internal Research and Development activities, corporations have attempted to seek innovation externally, through collaborations with academia, government, and start-ups. Over the past half-century, companies seeking innovation and growth have launched Corporate Venture Capital (CVC) arms with varied success. This thesis focuses on the CVC - the challenges it faces, and the opportunities it brings to the sponsoring organization. I contend that, despite a highly cyclical and mediocre performance over the last 50 years, CVCs do create value for the corporation and can be used as a strategic tool for seeking innovation. I introduce The Four O's Framework, which illustrates my recommendation for shaping, developing, and managing CVCs. The framework addresses several issues and hurdles CVCs face today, and provides a prescription for its success as corporations seek to reinvent themselves for the future.

Corporate Venturing

Author : Dado Van Peteghem
Publisher : Die Keure Publishing
ISBN 13 : 2874035076
Total Pages : 201 pages
Book Rating : 4.8/5 (74 download)

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Book Synopsis Corporate Venturing by : Dado Van Peteghem

Download or read book Corporate Venturing written by Dado Van Peteghem and published by Die Keure Publishing. This book was released on 2018-05-31 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Different strategies and tactics to accelerate innovation and growth through collaboration. This is not the hype story of how cool startups are and why you should invest in them with a fund or setup an accelerator. Corporate Venturing is so much more than CVC - Corporate Venture Capital. The aim of this book is to provide insights in the different strategies and tactics to accelerate innovation and growth through collaboration, as well as plenty of cases as examples where these models are successfully applied. This is not a book for people that are looking for complex innovation theories around venturing. Rather it’s a no-nonsense, ready-to-apply comprehensive guide for creating and reviewing your corporate venturing strategy as strategic growth. The book will provide guidance, insights, perspective and inspiration for anyone that has intrests in corporate venturing as a strategy to accelerate growth. Whether you are a large corporate or an upcoming player in the market. With cases from Ricolab, BNP Paribas Fortis, Roularta Media Group, SNCF and Cartamundi. Discover a ready-to-apply comprehensive guide for creating and reviewing your corporate venturing strategy as strategic growth. EXTRACT Attract a-typical ventures For starters, you will attract ventures that you may not have found yourself, because you’re too focused on specific fields. While a company may not fit the profile you’re looking for at first sight, digging deeper may reveal that they are solving the same problem in a different industry, or that they are doing breakthrough work that you hadn’t even considered yet. It’s a more passive approach than scouting, but you will need to keep creating content to keep it going, so don’t underestimate the work. ABOUT THE AUTORS Dado Van Peteghem is one of the leading experts in the digital sector. He is a frequent keynote speaker and entrepreneur. Dado is Founding partner at the consulting firm Duval Union Consulting, co-founder of several startups including Social Seeder, Speakersbase and TrendBase, giving more than 150 speeches per year internationally on topics as digital disruption and transformation, corporate innovation and startup thinking. Omar Mohout, currently Entrepreneurship Fellow at Sirris, is a former technology entrepreneur, a widely published technology author, C-level advisor to high growth startups as well as Fortune 500 companies and Professor of Entrepreneurship at the University of Antwerp, the Antwerp Management School, ULB and Solvay Brussels School of Economics and Management.

Corporate Venture Capital

Author : Kevin McNally
Publisher : Routledge
ISBN 13 : 1134733631
Total Pages : 349 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis Corporate Venture Capital by : Kevin McNally

Download or read book Corporate Venture Capital written by Kevin McNally and published by Routledge. This book was released on 1997-07-10 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the lack of academic and practical research into corporate venturing by examining the role of this activity as both a form of large firm-small firm collaboration and as an alternative source of equity finance for small firms. These issues are explored through surveys of independent fund managers, coporate executives and technolo

Capturing and Measuring the Strategic Value in Corporate Venture Capital

Author : Timothy Chiang (S.M.)
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (15 download)

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Book Synopsis Capturing and Measuring the Strategic Value in Corporate Venture Capital by : Timothy Chiang (S.M.)

Download or read book Capturing and Measuring the Strategic Value in Corporate Venture Capital written by Timothy Chiang (S.M.) and published by . This book was released on 2018 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporations are increasingly utilizing corporate venture capital (CVC) as a significant component of their external innovation strategy. Over the past several years, these CVCs have grown to contribute a large percentage of all startup funding in the US. The growing role of CVCs in the innovation ecosystem presents pressing questions around the structures, objectives, and stability of this particular source of funding. After several decades of CVC history, nearly all CVCs have converged onto the dual objective of investing for both strategic and financial returns. It is the existential need to return strategic value back to the parent corporation that separates CVCs as distinct from institutional venture capital (VC) firms. While the survivability and growth of institutional VCs depend solely on financial return performance, the survivability and growth of CVCs depend on demonstrations of both a respectable financial return, as well as relevant and significant strategic returns. This research explores and examines the capture and measure of strategic value in CVC investments through a series of interviews with prominent CVC units representing a cross section of various industries. A framework for characterizing four taxonomies of strategic investment objectives is proposed and used to landscape a sample of CVCs in order to determine whether the capture of strategic value in CVCs is emergent from the system design of a CVC's structure, practices, and organizational linkages. A survey on how CVCs measure direct and indirect strategic value revealed that the vast majority of CVCs were unable to, or do not attempt to measure the performance of this primary investment objective. Both quantitative and qualitative treatments were given to the analysis of the research data on the structures, practices, and strategies related to value capture in strategic VC investments. This research found a wide range of approaches towards capturing strategic value in CVC investments. However, the measurement of such value remains elusive. Very few instances of actual measurement of strategic value were observed, which paints a picture of a significant funding source of US innovation largely unjustified by the lack of performance measurements on existential investment objectives.

Initiating Successful Corporate Venture Capital Investments

Author : Ian C. Yates
Publisher : Forgotten Books
ISBN 13 : 9781330302620
Total Pages : 49 pages
Book Rating : 4.3/5 (26 download)

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Book Synopsis Initiating Successful Corporate Venture Capital Investments by : Ian C. Yates

Download or read book Initiating Successful Corporate Venture Capital Investments written by Ian C. Yates and published by Forgotten Books. This book was released on 2015-06-24 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Initiating Successful Corporate Venture Capital Investments Abstract 49 large U.S. corporations that make corporate venture capital (CVC) investments as part of their new business development strategies were studied. Venture capital firms were found to be the key deal source of the more successful CVCs. Market familiarity was found to be even more important than technological familiarity in initiating strategically successful investments in small enterprises. Later round investments performed better strategically than did early round financings. CVC financial success flows from its strategic success, which in turn is influenced favorably by strategic focus. Executive Summary The strategies of 49 large U.S. corporations using corporate venture capital (CVC) for new business development were studied and evaluated. Venture capital firms were found to be the key deal source for CVCs making investments in small ventures that the CVCs judge to be successful strategically. Successful CVCs frequently first invest in venture capital funds as a venture capital limited partner, then take a more proactive long-run approach by investing side-by-side with private venture capitalists directly in start-ups. Corporate familiarity with the ventures market was found to be more important in determining strategic success than familiarity with the venture's technology. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Masters of Corporate Venture Capital

Author : Andrew Romans
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781530088690
Total Pages : 280 pages
Book Rating : 4.0/5 (886 download)

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Book Synopsis Masters of Corporate Venture Capital by : Andrew Romans

Download or read book Masters of Corporate Venture Capital written by Andrew Romans and published by Createspace Independent Publishing Platform. This book was released on 2016-08-18 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Andrew Romans captured wisdom from interviews with 100+ Corporate Venture Capitalists (CVCs), independent VCs, CEOs of startups, bankers and lawyers to write the definitive book on the topic of CVC. Masters of Corporate Venture Capital is packed with invaluable advice about how to best raise capital from CVCs, unlock synergies of partnering startups with large corporations for rapid international growth and avoid potential disasters and other dangers related to CVC.More than 20% of all Venture Capital financings include at least one CVC and thus startups need to understand this previously misunderstood area of funding. Corporations need to establish their own CVC arms to access external innovation and learn how to bring this inside via VC investing, partnerships and M&A. We work in a very complex ecosystem and this book captures stories that bring the complexity to life with simple lessons.This book is for:* Entrepreneurs* VCs* Angel investors* Family offices* CVCs* Corporates thinking about launching a CVC* Anyone advising startups.

The Impact of Corporate Venture Capital

Author : Timo B. Poser
Publisher : Springer Science & Business Media
ISBN 13 : 3322814688
Total Pages : 311 pages
Book Rating : 4.3/5 (228 download)

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Book Synopsis The Impact of Corporate Venture Capital by : Timo B. Poser

Download or read book The Impact of Corporate Venture Capital written by Timo B. Poser and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Timo B. Poser shows that Corporate Venture Capital offers a broad set of advantages, but has a limited impact on sustainable competitive advantage of the investing firm.

Corporate Venture Capital and Financing Innovation

Author : Jean-Michel Sahut
Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Corporate Venture Capital and Financing Innovation by : Jean-Michel Sahut

Download or read book Corporate Venture Capital and Financing Innovation written by Jean-Michel Sahut and published by . This book was released on 2014 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate venture capital (CVC) is a real driving force behind the development of technology-based innovation. It is an entrepreneurial strategy used by big corporations who go outside the company because they can no longer depend solely on creating innovations in-house. CVC enables them to reduce the risk of innovation whilst keeping some control over the target firm or a purchase option on the innovation once it has passed the early stage. This type of operation offers technology-based start-ups both an input of equity capital and technical and strategic expertise and experience. In spite of economic downturns, CVC continues to develop in the high-tech sectors which have been least affected; in particular in biotechnologies. The advantages which it brings to each stage of the project (launching, refinancing and exiting) compared to financing by traditional venture capital funds make its future development secure.

Venture Capital

Author : Douglas Cumming
Publisher : John Wiley & Sons
ISBN 13 : 0470599758
Total Pages : 604 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis Venture Capital by : Douglas Cumming

Download or read book Venture Capital written by Douglas Cumming and published by John Wiley & Sons. This book was released on 2010-04-29 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential guide to venture capital Studies have shown that venture capital backed entrepreneurial firms are on average significantly more successful than non-venture capital backed entrepreneurial firms in terms of innovativeness, profitability, and share price performance upon going public. Understanding the various aspects of venture capital is something anyone in any industry should be familiar with. This reliable resource provides a comprehensive view of venture capital by describing the current state of research and best practices in this arena. Issues addressed include sources of capital-such as angel investment, corporate funds, and government funds-financial contracts and monitoring, and the efficiency implications of VC investment, to name a few. Opens with a review of alternative forms of venture capital Highlights the structure of venture capital investments Examines the role venture capitalists play in adding value to their investee firms This informative guide will help you discover the true potential of venture capital.

The Business of Venture Capital

Author : Mahendra Ramsinghani
Publisher : John Wiley & Sons
ISBN 13 : 1118130405
Total Pages : 297 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis The Business of Venture Capital by : Mahendra Ramsinghani

Download or read book The Business of Venture Capital written by Mahendra Ramsinghani and published by John Wiley & Sons. This book was released on 2011-09-07 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive guide demystifying the venture capital business The Business of Venture Capital covers the entire spectrum of a venture capital business, from raising venture funds to structuring investments, value creation as board member and assessing exit pathways. Author Mahendra Ramsinghani covers the distinct aspects of the venture capital fund raising and investment process with insights and perspectives from leading experts. Interviewees include Limited Partners (LPs) such as Credit Suisse, Grove Street Advisors and General Partners (GPs) from Foundry Group, Spark Capital, Benchmark Capital, Norwest Venture Partners, Shasta Ventures and Bessemer Venture Partners. If you’re curious about venture capital businesses, you’ve found the only book that covers it all. • The first book to address the full investment cycle of the venture capital business • Demystifies the key aspects of the business - raising venture funds, fund-level due diligence and fund terms, structuring investments, value creation, and exits • Foreword by Mark Heesen, President, National Venture Capital Association • Benefit from the experiences of the best-in-class practitioners, who have made investments in leading companies like Zynga, Twitter & Foursquare • Describes how venture capital is an art as well as a science In-depth and thorough, The Business of Venture Capital is the one book that includes insights, tools and real world examples every practitioner can benefit from.

Innovation Casino

Author : Eisaiah Engel
Publisher :
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.6/5 (972 download)

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Book Synopsis Innovation Casino by : Eisaiah Engel

Download or read book Innovation Casino written by Eisaiah Engel and published by . This book was released on 2020-12-08 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are you ready to outperform the competition in the digital economy-but are dissatisfied with how internal initiatives never get you far enough, fast enough? Innovation Casino is a new playbook on how executives at large firms can grow digital revenue in the 2020s. Challenged with COVID-19 at the outset, the 2020s are also poised for higher taxes and higher borrowing costs. In this new decade, large corporates will need to change course from betting on big acquisitions (a strategy used by "players" in the innovation casino) to growing organically by creating new reasons for customers to pay a premium and stay loyal. The "innovation casino" is a metaphor for the odds of delivering financial returns from innovation. To beat the odds, large firms must transform their core products into digital ecosystems-much like the App Store on the Apple iPhone. Digital ecosystems give large firms the opportunity to participate in thousands of bets on digital innovation produced by outside startups-rather than trying to innovate by themselves. By focusing on their core platforms and incentivizing startups to build everything else, large firms can play to their natural strengths as the "house" in the innovation casino. In his work with leading companies, digital innovator and best-selling author Eisaiah Engel has seen firsthand how innovation investments can be hampered by internal roadblocks and complexities. Engel founded three companies in the digital advertising space, including one that generated over $1 million annually with an initial investment of $25,000. Curious to learn the machinery of large organizations, Engel then divested his startups and worked as a consultant and later as a marketing leader at a Fortune 10 firm. Innovation Casino was born of Engel's struggles to innovate at the extreme ends of corporate structure-from his own startups to companies with billions in revenue. In Innovation Casino, Engel proposes a shift in corporate innovation financing: Use outside capital to fund startups, encouraging them to build new products and services on a large firm's platform. Through the research-based strategies in Innovation Casino, you will: Learn how to combine open innovation with seed funding-motivating startups to develop products and services that attract customers to your platform. Make thousands of bets on innovation with an Ecosystem Innovation Fund (EIF)-a cross between the US government's SBIR (Small Business Innovation Research) grant program and venture capital. Maximize principal preservation and your returns with the unique risk management structure of an EIF. "Buy low" by giving entrepreneurs unprecedented control of their companies in exchange for valuation discounts to maximize your returns. Invest in "zebra" startups that are excited about delivering niche solutions on your platform, unlike their "unicorn" cousins who are trying to become your competitors. Free your digital ecosystem to participate in thousands of bets on innovation-overcoming the constraints of your organizational structure. Innovation Casino takes an odds-based view of strategy, basing its provocative recommendations on years of primary and secondary research by the author. With more than 21 graphs and detailed data tables, this book provides critical information for your digital ecosystem strategy. Giving this book to your corporate strategy, finance, and product teams would be a smart bet on your company's future in the platform economy.

Strategic Venturing in the Global Medical Device Industry

Author : Sheryl Winston Smith
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Strategic Venturing in the Global Medical Device Industry by : Sheryl Winston Smith

Download or read book Strategic Venturing in the Global Medical Device Industry written by Sheryl Winston Smith and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate venture capitalists (CVC) invest in entrepreneurial startups for reasons including financial and strategic goals. In high-tech industries CVCs may use direct equity investment to stimulate innovation that is directly relevant to the investing firms' innovation efforts. At the same time, CVC is also used for strategic goals which may include blocking competitors or gaining a window on competitor's technology. In this paper, I analyze corporate venture capital (CVC) investment and innovation performance by startup companies in relation to the investing firm. I provide project level evidence that CVC investment is associated with the production of knowledge by the startup that is directly relevant to the investing firm. This paper makes significant contributions to our understanding of project level dynamics and the innovation returns to CVC with respect to the level and staging of CVC investment. I find evidence of a U-shaped relationship between total CVC investment in a project and innovation performance and of diminishing innovation returns to later rounds of CVC investment. Furthermore, in a given industry, CVCs share a common pool of potential startups in which to invest. Empirically, the likelihood of production of relevant knowledge by the startup is greater if the founder is an entrepreneurial clinician as opposed to a non-clinician background. At the same time, the likelihood of production of relevant knowledge for the investing CVC is diminished if multiple CVCs (competitive CVCs) coinvest in the same startup firm. The suppression of innovation performance is pronounced in higher rounds of investment.

Corporate Venture Capital

Author :
Publisher : Routledge
ISBN 13 : 113473364X
Total Pages : 258 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis Corporate Venture Capital by :

Download or read book Corporate Venture Capital written by and published by Routledge. This book was released on with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Venture Capital and Innovation

Author : Robert Premus
Publisher :
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Venture Capital and Innovation by : Robert Premus

Download or read book Venture Capital and Innovation written by Robert Premus and published by . This book was released on 1985 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Life Cycle of Corporate Venture Capital

Author : Song Ma
Publisher :
ISBN 13 :
Total Pages : 102 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Life Cycle of Corporate Venture Capital by : Song Ma

Download or read book The Life Cycle of Corporate Venture Capital written by Song Ma and published by . This book was released on 2019 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates why industrial firms conduct Corporate Venture Capital (CVC) investment in entrepreneurial companies. I test alternative views on CVC by exploiting the entry, investment, and termination decisions of CVC divisions. CVC entry concentrates in firms that experience deteriorations of internal innovation. At the investment stage, CVCs select startups with a similar technological focus but that have a non-overlapping knowledge base, and they integrate technologies generated from these ventures that create strategic value. CVCs are terminated when parent firms' innovation recovers. Overall, the strategic desire to fix innovation weaknesses after adverse shocks motivates firms to adopt CVCs.

Entrepreneurship

Author : Marc H. Meyer
Publisher : SAGE Publications
ISBN 13 : 1412992656
Total Pages : 473 pages
Book Rating : 4.4/5 (129 download)

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Book Synopsis Entrepreneurship by : Marc H. Meyer

Download or read book Entrepreneurship written by Marc H. Meyer and published by SAGE Publications. This book was released on 2010-12-09 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows students how to build successful new enterprises: to conceive, plan, and execute on a new venture idea. Based on research findings, the authors' own experiences and their work with dozens of young entrepreneurial companies, the book shows how innovation is inextricably linked with entrepreneurship. It breaks down all the key steps necessary for success, provides in-depth cases of companies from a variety of industries (with a focus on technology firms), and includes Reader Exercises at the end of each chapter that can be used for team activities.