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Corporate venture capital investments: features and successful practices
[Корпоративные Венчурные Инвестиции: Особенности И Успешные Практики]

Author

Listed:
  • Zinov, V.G. (Зинов, В.Г.)

    (Russian Presidential Academy of National Economy and Public Administration)

  • Yeremchenko, O.A. (Ерёмченко, О.А.)

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

The review of domestic and foreign publications presents successful practices of corporate venture investment, which allow to clarify sustainability criteria and requirements for achieving stable functioning of corporate funds. It is shown that the coherence of the fund’s goals with the goals of the parent company, continuity of operation, continuity in relation to strategy, investment focus and the main team, as well as financial stability, which allows us to be a stable partner to portfolio companies throughout their entire life cycle, are of fundamental importance. It is emphasized that corporate venture investments are not an instrument of financial speculation, and the parent company needs the created venture fund, first, as an instrument for search, development, transfer of technologies, products and customers. The main differences between corporate and so-called independent venture capital funds, reflecting various goals, areas of activity, sources of financing, legal status, management remuneration systems and accountability, are examined.

Suggested Citation

  • Zinov, V.G. (Зинов, В.Г.) & Yeremchenko, O.A. (Ерёмченко, О.А.), 2019. "Corporate venture capital investments: features and successful practices [Корпоративные Венчурные Инвестиции: Особенности И Успешные Практики]," Economy of science, Russian Presidential Academy of National Economy and Public Administration, vol. 5, pages 170-184, September.
    • Handle: RePEc:rnp:ecosci:es1911
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    References listed on IDEAS

    as
    1. Gary Dushnitsky & Zur Shapira, 2010. "Entrepreneurial finance meets organizational reality: comparing investment practices and performance of corporate and independent venture capitalists," Strategic Management Journal, Wiley Blackwell, vol. 31(9), pages 990-1017, September.
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    More about this item

    Keywords

    corporate venture capital investment; venture capital; venture capital fund; corporate venture capital fund; startups; mergers and acquisitions; trends;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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