沃顿商学院2025当歌利亚需要大卫全球500强企业与初创企业如何重构企业风险投资报告英文版40页.pdfVIP

WhenGoliathNeedsDavid

HowCorporationsandStartupsAre

RedefiningCorporateVenturing

2025CorporateVenturingReportby

GaryDushnitsky

ClaudioGarcia

SergueiNetessine

ValeryYakubovich

AboutTheMack

InstituteforInnovation

Managementatthe

WhartonSchoolat

theUniversityof

Pennsylvania

TheMackInstituteforInnovationManagement

supportsWhartonfacultyresearchoninnovationand

entrepreneurshipandtranslatesitintoexperiential

learningforstudentsandactionableinsightsfor

business.Byfosteringcollaborationamongresearchers,

students,andindustryleaders,theinstituteservesas

ahubwhereacademicdiscoverymeetsreal-world

application.Throughcutting-edgeresearch,hands-on

studentengagement,anddynamicevents,

theMackInstitutehelpsorganizationsnavigate

therisksandopportunitiesofemerging

technologiesandinnovation-drivenchange.

Recommendedcitation:

Thisreportshouldbecitedas:

Dushnitsky,Gary;ClaudioGarcia,SergueiNetessine,

ValeryYakubovich.(2025).CorporateVenturingReport.

MackInstituteforInnovationManagementatTheWhartonSchool.

Pleaseusethiscitationformatwhenreferencingthisreport

inpublications,presentations,oracademicwork.Ifcitingin

adifferentformat,pleaseretainthefullauthorand

publicationdetailsprovidedabove.

Introduction:FromCVCtoCorporateVenturing

MatchingVenturingPracticestoCorporateGoals(p.4)

ActivitiesandPrograms(p.8)

BeyondRD:UnderstandingCorporateObjectives(p.8)

Part1:HowCorporationsEngagewithStartups

FromExperimentationtotheMainstream(p.9)

CorporateVenturingAcrosstheGlobe(p.12)

CorporateVenturingbySector(p.13)

CVC:ATraditionalModelofCorporateVenturing(p.14)

AcceleratorsandI