Les grands groupes et l’innovation:définitions et enjeux du Corporate Venture

Gilles Garel () and Sébastien Jumel
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Gilles Garel: Université de Marne-la-Vallée
Sébastien Jumel: EDF et Université de Marne-la-Vallée

Revue Finance Contrôle Stratégie, 2005, vol. 8, issue 4, pages 33-61

Abstract: (VF)Le corporate venture consiste à structurer les relations entre un grand groupe et une jeune entreprise innovante soit en acquérant tout ou partie du capital de jeunes entreprises, soit en externalisant certaines entités du groupe pour en faire des entités indépendantes. Alors que le corporate venture s’est fortement développé, encore peu de recherches lui ont été consacrées. Cet article définit le corporate venture, précise les enjeux et les conditions de son développement et structure la littérature, essentiellement nord américaine, qui en traite. Il distingue l’analyse de la performance du corporate venture et celle de ses facteurs clés de succès.(VA) A corporate venture unit manages the various links between in-house and outsourced activities in order to facilitate radical innovation, frequently outside the bounds of traditional job descriptions. Thus the activities of a corporate venture unit can go beyond those of a simple profit centre and may initiate a real entrepreneurial culture within the firm as a result of its relationships with the external business environment, and also outside the enterprise in mobilizing the internal resources. This paper presents the literature which deals with corporate venture and its development. It focuses mainly on performance analysis and on key success factors.

Keywords: corporate venture; innovation; start-up; groupe; entrepreneurship; R&D; large industrial firm; outsourcing. (search for similar items in EconPapers)
JEL-codes: D21 L22 L29 (search for similar items in EconPapers)
Date: 2005
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