Corporate Venture Capital As an Exploratory Mechanism

Companies, with few exceptions, become more bureaucratic and less innovative as they grow. To counter this tendency, many firms, including the Intel Corporation and IBM, have developed internal corporate venture capital (CVC) arms to supplement their internal R&D efforts. The idea of CVC is to identify and invest in innovative startups, with an eye toward licensing their new technologies or buying the promising companies outright. … [ Read more ]