Because senior management may have a deep understanding of the sector and the specific needs of the corporate sponsor, it seems easy to assume that involving them in the selection process will help the corporate venture capitalist (CVC) pick the right startups to support.
Author: Andrew Ackerman Dreamit Urbantech
Accessing innovation: what’s the value in a corporate venture fund?
Setting up a corporate venture capital (CVC) fund can be one of the most efficient and effective ways to attract external innovation to a large enterprise. Done wrong, it can also be a colossal waste of money, brains and time.