安永公司风险资本调研报告.pdf

Global corporate venture capital survey 2008–09 Benchmarking programs and practices Supporting organizations 2 Foreword With increased globalization, innovation has become the new currency of competition. More and more large corporations have realized that relying just on in-house research and development (RD) is not suffi cient to compete effectively Study advisory board in today’s global markets. A robust innovation strategy includes both internal initiatives and mechanisms to access external innovation, including collaborations, Dr. Gary Dushnitsky, Assistant partnerships, acquisitions, joint ventures, licensing and investments in emerging Professor of Management; venture-backed companies. Corporate venture capital (CVC) is a vital component in Goergen Fellow, Wharton the innovation strategies of corporations around the globe. Entrepreneurial Programs, The By defi nition, corporate venture capital is investment money that is in some way Wharton School of the University connected to another corporate entity whose core business is something other than of Pennsylvania providing equity fi nance. The nature of this kind of investment creates challenges in a