イノベーションフォーラムのお知らせ 2019年4月16日
論題：
“Putting “dumb money” to good use? Corporate venture capital as a complement
to internal R&D (With Henry Chesbrough and Vareska van de Vrande)”
to internal R&D (With Henry Chesbrough and Vareska van de Vrande)”
講演者：
Christopher L. Tucci
Christopher L. Tucci
(Professor of Management of Technology,
the Ecole Polytechnique Fédérale de Lausanne (EPFL))
the Ecole Polytechnique Fédérale de Lausanne (EPFL))
言語：英語
日時：
２０１９年４月１６日 (火) １６：００～１７：３０
開催場所：
一橋大学イノベーション研究センター２階・第２ IIRラボ
(Room #219)
幹事：
青島 矢一
要旨：
The role of corporate venture capital (CVC) programs inside the firm has received relatively little scholarly attention. Do these programs substitute for traditional corporate investments, such as R&D? Or do they complement internal R&D? To further explore this phenomenon, we have developed a dataset of corporations initiating CVC programs from 1973-2001. We find that the existence of a CVC program is positively associated with the level of corporate R&D spending. We also find that a combination of having a CVC program and higher R&D spending is associated with higher firm performance, thus concluding that CVC investments can complement other corporate innovation initiatives.