Start-up selection criteria for corporate venturing: what matters for incumbents?

This paper is a revised and expanded version of a paper entitled ‘Corporates’ start-up evaluation and their enabling potential for strategic renewal’ presented at The International Society for Professional Innovation Management (ISPIM), Virtual, Berlin, 7–10 June 2020.

Detalles Bibliográficos
Autores: Brandt, Lucia, Laibach, Natalie, Kamrath, Carolin, Bröring, Stefanie
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2023
País:España
Institución:Consejo Superior de Investigaciones Científicas (CSIC)
Repositorio:DIGITAL.CSIC. Repositorio Institucional del CSIC
OAI Identifier:oai:digital.csic.es:10261/343360
Acceso en línea:http://hdl.handle.net/10261/343360
Access Level:acceso abierto
Palabra clave:Incumbents
Start-ups
Strategic renewal
Corporate venturing
Systematic literature review
Expert interviews
Transitions
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spelling Start-up selection criteria for corporate venturing: what matters for incumbents?Brandt, LuciaLaibach, NatalieKamrath, CarolinBröring, StefanieIncumbentsStart-upsStrategic renewalCorporate venturingSystematic literature reviewExpert interviewsTransitionsThis paper is a revised and expanded version of a paper entitled ‘Corporates’ start-up evaluation and their enabling potential for strategic renewal’ presented at The International Society for Professional Innovation Management (ISPIM), Virtual, Berlin, 7–10 June 2020.Incumbent companies face increasing pressures to become more sustainable, and thus, to strategically renew themselves. To proactively adjust to the changing environment, incumbents can engage in collaborations with start-ups by means of corporate venturing. As one of the first steps of the venturing process, a better understanding of the selection of start-ups for corporate venturing activities is needed to further systemise and align the activities. Through a systematic literature review, this study provides an overview of existing start-up selection criteria, which are validated by means of expert interviews with incumbents. We find that for incumbents, criteria related to the team, the product and technology, the market as well as to financial and strategic characteristics are pivotal whereas criteria related to transitions seem to play a subordinated role. Our findings highlight the necessity of a coherent and aligned venturing strategy to foster the successful renewal of incumbents in eras of transition.Peer reviewedInderscience PublishersConsejo Superior de Investigaciones Científicas [https://ror.org/02gfc7t72]202420242023info:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_6501Publisher's versioninfo:eu-repo/semantics/publishedVersionapplication/pdfhttp://hdl.handle.net/10261/343360reponame:DIGITAL.CSIC. Repositorio Institucional del CSICinstname:Consejo Superior de Investigaciones Científicas (CSIC)Ingléshttps://doi.org/10.1504/IJEV.2023.133464Síinfo:eu-repo/semantics/openAccessoai:digital.csic.es:10261/3433602026-05-22T06:33:51Z
dc.title.none.fl_str_mv Start-up selection criteria for corporate venturing: what matters for incumbents?
title Start-up selection criteria for corporate venturing: what matters for incumbents?
spellingShingle Start-up selection criteria for corporate venturing: what matters for incumbents?
Brandt, Lucia
Incumbents
Start-ups
Strategic renewal
Corporate venturing
Systematic literature review
Expert interviews
Transitions
title_short Start-up selection criteria for corporate venturing: what matters for incumbents?
title_full Start-up selection criteria for corporate venturing: what matters for incumbents?
title_fullStr Start-up selection criteria for corporate venturing: what matters for incumbents?
title_full_unstemmed Start-up selection criteria for corporate venturing: what matters for incumbents?
title_sort Start-up selection criteria for corporate venturing: what matters for incumbents?
dc.creator.none.fl_str_mv Brandt, Lucia
Laibach, Natalie
Kamrath, Carolin
Bröring, Stefanie
author Brandt, Lucia
author_facet Brandt, Lucia
Laibach, Natalie
Kamrath, Carolin
Bröring, Stefanie
author_role author
author2 Laibach, Natalie
Kamrath, Carolin
Bröring, Stefanie
author2_role author
author
author
dc.contributor.none.fl_str_mv Consejo Superior de Investigaciones Científicas [https://ror.org/02gfc7t72]
dc.subject.none.fl_str_mv Incumbents
Start-ups
Strategic renewal
Corporate venturing
Systematic literature review
Expert interviews
Transitions
topic Incumbents
Start-ups
Strategic renewal
Corporate venturing
Systematic literature review
Expert interviews
Transitions
description This paper is a revised and expanded version of a paper entitled ‘Corporates’ start-up evaluation and their enabling potential for strategic renewal’ presented at The International Society for Professional Innovation Management (ISPIM), Virtual, Berlin, 7–10 June 2020.
publishDate 2023
dc.date.none.fl_str_mv 2023
2024
2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
http://purl.org/coar/resource_type/c_6501
Publisher's version
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10261/343360
url http://hdl.handle.net/10261/343360
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv https://doi.org/10.1504/IJEV.2023.133464
Sí
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Inderscience Publishers
publisher.none.fl_str_mv Inderscience Publishers
dc.source.none.fl_str_mv reponame:DIGITAL.CSIC. Repositorio Institucional del CSIC
instname:Consejo Superior de Investigaciones Científicas (CSIC)
instname_str Consejo Superior de Investigaciones Científicas (CSIC)
reponame_str DIGITAL.CSIC. Repositorio Institucional del CSIC
collection DIGITAL.CSIC. Repositorio Institucional del CSIC
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,812429

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