Innovation is associated to high cost and high level of risk. Many firms cannot finance this activity with internal financial resources. They need outside investors to finance their innovative projects. Venture capitalist funding seems to be an appropriate alternative especially when the firm is...

In the last forty years corporate venture programs in the United States were characterized by a cyclic nature, a time during which corporate venture programs were often halted before the fruits from the investment activity could be realized.Presenting the history, structure, and performance of...