Venture Capital Funds in the Development of Technology Windows and New BusinessVentures of Corporations

摘要

The objective of the study is to determine if and by which means investing inventure capital funds can benefit Finnish corporations as a business development tool. Another objective was to estimate under which circumstances the strategic benefits from corporate venture capital investments can be maximized. The research project examined the experiences gained from the venture capital activity of over 20 Finnish and other European corporations. Factors affecting the venture capital investments' feasibility as a business development tool were analyzed first. A model was created to help corporations to select the most suitable corporate venture capital concept at varied business development stages. The model links together the need for venture capital with venture capital strategy, and venture capital implementation. Venture capital activity is seen as a tool for implementing corporate strategy. If planned and implemented carefully, venture capital investments can be a feasible business development tool for Finnish corporations.