Sustaining Venture Creation from Industrial Laboratories

Authors: Chesbrough, Henry; Socolof, Stephen

Source: Research-Technology Management, Volume 46, Number 4, 1 July 2003 , pp. 16-19(4)

Publisher: Industrial Research Institute, Inc

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Abstract:

Lucent's New Ventures Group launched 35 ventures out of Bell Laboratories technologies. Not withstanding this success, NVG has been forced to change its funding approach. It has now evolved into a partnership with private equity capital suppliers called New Venture Partners. This partnership addresses some structural limits upon a public corporation's ability to support internal venture creation over the business cycle, and offers a new model for sustaining corporate innovation.

Document Type: Research article

Publication date: 2003-07-01

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