2019年3月1日金曜日

【イノベーションフォーラム】2019.4.16 Christopher L. Tucci

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)

講演者:
Christopher L. Tucci
(Professor of Management of Technology, 
 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.