PRINT THIS PAGE Corporate venture capital and incumbent firm innovation rates
29/07/2002. Source:Stern School of Business, New York University. Gary Dushnitsky, Michael Lenox
In 2000, more than 400 firms sponsored corporate venture capital programmes and invested $16bn, representing approximately 15 per cent of all venture capital investments. The numbers may have dropped substantially since then, but corporate venture capital has nearly died out. Why are established firms investing in new ventures? Do these firms simply hope to reap high financial returns or do they have other strategic reasons, ask Gary Dushnitsky and Michael Lenox of the Stern School of Business at New York University. A survey of a number of large public companies over a 30-year period showed that participation in a corporate venture capital programmes encouraged innovative practices and strategies.
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© G Dushnitsky & M Lenox 2002
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