Leveraging smart capital through corporate venture capital: A typology of value creation for new venture firms

Bugl, Benjamin M.; Balz, Frank P.; Kanbach, Dominik K.

doi:10.1016/j.jbvi.2021.e00292

Cited by 14 publications

(5 citation statements)

References 44 publications

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“…Mutual benefits between startups and incumbents are possible (Aghion & Tirole, 1994). Studies on corporate venture capital, for example, explore the ways in which value is created for new venture firms as well as the large incumbent firms (Bugl et al, 2022). As investors in startups, incumbent firms offer access to their networks, market knowledge and sales and distribution channels (Alvarez-Garrido & Dushnitsky, 2016), which can help the startup grow.…”

Section: Discussion and Theoretical Contributionmentioning

confidence: 99%

Bridging developmental state and entrepreneurial state theory: A typology of startup policies’ incumbent firm benefits

Klingler-Vidra

Pardo

2022

Journal of Asian Public Policy

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Section: Discussion and Theoretical Contributionmentioning

confidence: 99%

Bridging developmental state and entrepreneurial state theory: A typology of startup policies’ incumbent firm benefits

Klingler-Vidra

Pardo

2022

Journal of Asian Public Policy

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“…This time entailed instability of the economic system and, accordingly, instability in business development. As a direct investment, venture capital was the most operational means of direct assistance to companies [3]. It was the most effective tool in many countries during the active transformation of both the economic system and society as a whole [10].…”

Section: Literature Reviewmentioning

confidence: 99%

“…However, as a concept, venture capital first originated in the USA. Back in the 1945-50s, the USA corporations made the first attempt to research and further invest in small businesses [3]. This period underlined the development of venture capitalism [4].…”

Section: Introductionmentioning

confidence: 99%

Prospects for the Development of Venture Capital as an Economic Institution in Post-Soviet Countries

Kovshova,

Ayulov,

Lomakina

et al. 2024

IJSDP

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The development of venture capital in the post-Soviet countries has features of its historical formation. This field of activity is relatively new in the region, although it has deep roots in the history of such developed economies as the United States, the European Space, and Japan. However, the relevance of the research lies in the study of this phenomenon in the region of Central Europe, Asia, and the Caucasus. The paper aims to assess the benefits, risks, and prospects associated with venture capital in the post-Soviet space. The methods and materials used in the study included statistical material processed with statistical programs (SPSS) and mathematical modeling of forecasting results; calculations of economic indicators (ROE, IRR) and the level and required size of venture capital for business development; and the consideration of hypothetical situational models and the level and number of innovations. The chaotic and unstable development of the economic state of the EECCA countries creates various contradictions. Nevertheless, the study confirms the need for venture capital as a driving factor in the development of these economies. This research also covered such categories as crowdfunding and angel investors at the initial stages, even before venture investment. The results of the study find practical applications in stimulating business organizations that, for various reasons, search for new business methods. Venture organizations encourage entrepreneurs to open new business units to solve existing problems in society and various spheres of its functioning. These also organizations motivate investors to promote innovative enterprises in the developing economies of the studied region.

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“…The majority of accelerators targets startups independent of their industry, while some other accelerators purposefully focus on specific sectors such as life science (Kulkov et al, 2021), supply chain management (Fink et al, 2022), or FinTech (Harris, 2021). Compared to other startup support organisations such as innovation labs (Fecher et al, 2020), incubators (Roessler & Velamuri, 2015), hackathons (Kitsios & Kamariotou, 2022), or venture capital (Bugl et al, 2022), accelerators can be delimited by the content and extent of support services (Kulkov et al, 2021), programme length (Beyhan et al, 2021) and maturity of targeted startups (Veit et al, 2021). In addition, accelerators offer specific support to startups in terms of product-market fit improvements, fast market entries and business scalability (Beyhan et al, 2021;Shankar & Clausen, 2020).…”

Section: Accelerator Characteristics and The Corporate Accelerator Me...mentioning

confidence: 99%

Relationship-building in the post-acceleration phase of corporate accelerators: empirical evidence from Germany

Kramer

Kanbach

2023

Int Entrep Manag J

Self Cite

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Corporate accelerators have become a relevant intermediary that connects startups and corporations. Their strategic goal is to establish close relationships between startups and corporations that add value for both parties in the long term. While in principle startups go through an acceleration phase successfully, they may struggle to build meaningful relationships with the accelerator’s corporate parent thereafter. In research, the post-acceleration phase and its challenges for corporations and startups has not been adequately addressed to date. Therefore, the goal of this article is to shed light on how corporations and startups collaborate after startups leave an accelerator programme, and which factors hinder successful relationship-building. Grounding on 21 corporate accelerator cases containing data from 99 semi-structured interviews with corporate accelerator managers and startup alumni of accelerator programmes, we present different forms of post-programme collaboration and outline obstacles of post-programme relationship-building. Our results emphasise a key role of business units in successful relationship-building and indicate legitimacy problems of accelerators within its corporate organisation. We also provide guidance for corporations, accelerators, and startups on how to increase the success of post-programme collaboration by demonstrating manifold challenges of post-programme collaboration and showing ways how to overcome them.

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Leveraging smart capital through corporate venture capital: A typology of value creation for new venture firms

Cited by 14 publications

References 44 publications

Bridging developmental state and entrepreneurial state theory: A typology of startup policies’ incumbent firm benefits

Bridging developmental state and entrepreneurial state theory: A typology of startup policies’ incumbent firm benefits

Prospects for the Development of Venture Capital as an Economic Institution in Post-Soviet Countries

Relationship-building in the post-acceleration phase of corporate accelerators: empirical evidence from Germany

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