{"id":52034,"date":"2021-08-25T11:49:50","date_gmt":"2021-08-25T09:49:50","guid":{"rendered":"https:\/\/techma.bakertilly.es\/?post_type=diccionario&#038;p=52034"},"modified":"2025-05-05T11:10:07","modified_gmt":"2025-05-05T09:10:07","slug":"what-is-corporate-venture-capital-a2","status":"publish","type":"diccionario","link":"https:\/\/techma.bakertilly.es\/en\/como-hacer\/que-es-corporate-venture-capital-a2\/","title":{"rendered":"What is corporate venture capital? Seeking mutual growth"},"content":{"rendered":"<p>Don\u00b4t you know what corporate venture capital is? In this article you will learn:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>What is corporate venture capital?<\/strong><\/li>\n\n\n\n<li><strong>Differences with venture capital<\/strong><\/li>\n\n\n\n<li><strong>Types of corporate venture capital<\/strong><\/li>\n\n\n\n<li><strong>Advantages and disadvantages of corporate venture capital<\/strong><\/li>\n\n\n\n<li><strong>When is it more appropriate?\u00a0<\/strong><\/li>\n\n\n\n<li><strong>Success cases\u00a0<\/strong><br><br><br><br><\/li>\n<\/ul>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Contents\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/techma.bakertilly.es\/en\/como-hacer\/que-es-corporate-venture-capital-a2\/#%C2%BFQue_es_un_corporate_venture_capital\" >What is corporate venture capital?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/techma.bakertilly.es\/en\/como-hacer\/que-es-corporate-venture-capital-a2\/#Diferencias_con_el_venture_capital\" >Differences with venture capital<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/techma.bakertilly.es\/en\/como-hacer\/que-es-corporate-venture-capital-a2\/#Tipos_de_corporate_venture_capital\" >Types of corporate venture capital<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/techma.bakertilly.es\/en\/como-hacer\/que-es-corporate-venture-capital-a2\/#Ventajas_y_desventajas\" >Advantages and Disadvantages<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/techma.bakertilly.es\/en\/como-hacer\/que-es-corporate-venture-capital-a2\/#%C2%BFCuando_es_mas_adecuado\" >When is it more appropriate?&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/techma.bakertilly.es\/en\/como-hacer\/que-es-corporate-venture-capital-a2\/#Casos_de_exito\" >Success cases<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/techma.bakertilly.es\/en\/como-hacer\/que-es-corporate-venture-capital-a2\/#Fuentes_complementarias\" >How To's Relacionados<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%BFQue_es_un_corporate_venture_capital\"><\/span><strong>What is corporate venture capital?<\/strong><br><br><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>El CVC se define como la \u00abpr\u00e1ctica en la que una gran empresa adquiere una\u00a0participaci\u00f3n en el capital de una <a href=\"https:\/\/techma.bakertilly.es\/en\/sale-of-companies\/\" data-type=\"link\" data-id=\"https:\/\/techma.bakertilly.es\/venta-de-empresas\/\" target=\"_blank\" rel=\"noreferrer noopener\">empresa peque\u00f1a pero innovadora o especializada<\/a>, a la que tambi\u00e9n puede aportar\u00a0conocimientos de gesti\u00f3n y marketing; el objetivo es obtener una ventaja competitiva espec\u00edfica\u00bb (<a href=\"https:\/\/corporatefinanceinstitute.com\/resources\/knowledge\/finance\/corporate-venturing-corporate-venture-capital\/\" target=\"_blank\" rel=\"noreferrer noopener\">Corporate Finance Institute<\/a>, 2021).<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/images.assetsdelivery.com\/compings_v2\/mix3r\/mix3r1607\/mix3r160700060\/59587967.jpg\" alt=\"Corporate venture capital is when a large company acquires an equity stake in a small, innovative and specialised company, to which it contributes management and marketing expertise.\" style=\"width:507px;height:356px\" title=\"\"><\/figure>\n\n\n\n<p>In essence, the&nbsp;<a href=\"https:\/\/techma.bakertilly.es\/en\/corporate-venturing\/\" data-type=\"page\" data-id=\"340\">Corporate Venturing<\/a>&nbsp;is to establish structural partnerships with external companies or parties to drive mutual growth. These external companies are start-ups (early stage companies) or expansion stage companies (companies that have found a suitable product\/market) that come from outside the organisation. The basic characteristics of corporate venture capital are (<a href=\"https:\/\/www.pymerang.com\/administracion-de-empresas\/1043-como-obtener-una-perspectiva-real-del-avance-de-su-negocio-utilizando-los-estados-financieros\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/www.pymerang.com\/administracion-de-empresas\/1043-como-obtener-una-perspectiva-real-del-avance-de-su-negocio-utilizando-los-estados-financieros\" rel=\"noreferrer noopener\">Pymerang<\/a>, 2021):<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The investment is made in the form of capital.<\/li>\n\n\n\n<li>The investment is temporary, usually not exceeding 10 years.<\/li>\n\n\n\n<li>They acquire minority shareholdings and are present on boards of directors, but do not assume management responsibilities.<\/li>\n\n\n\n<li>The investment is not made at one time, but contributions are made successively.<\/li>\n\n\n\n<li>The amount of the investment usually ranges from 150,000 to 1,000,000 euros.<br><br><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Diferencias_con_el_venture_capital\"><\/span><br><strong>Differences with venture capital<\/strong><br><br><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Corporate Venture Capital<\/strong><\/td><td><strong>Venture Capital<\/strong><\/td><\/tr><tr><td class=\"translation-block\">Prefer to invest in <strong>early- to mid-stage companies<\/strong>.<\/td><td>Avoid investing in uncertain technologies and unknown market needs.<\/td><\/tr><tr><td class=\"translation-block\">They prioritize portfolio <strong>diversification<\/strong> over follow on in their portfolios.<\/td><td>Initial investments are made in the first three years of the fund. Once the portfolio is established, the fund will follow on for the remainder of its life cycle.<\/td><\/tr><tr><td>Team composed of<strong> professionals coming from the corporation<\/strong> as they are familiar with the systems, needs and areas<\/td><td class=\"translation-block\">They are professional investors with a <strong>financial profile<\/strong> seeking to scale the business through less corporate procedures.<\/td><\/tr><tr><td><strong><strong>They do not seek strict control<\/strong> due to fiduciary responsibilities and accounting implications.<\/strong> because of fiduciary responsibilities and accounting implications<\/td><td class=\"translation-block\">They seek <strong>to have control over their investments<\/strong>, play an active role in corporate governance and seek to have an impact on strategic decisions.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><br><strong><a href=\"https:\/\/www.endeavor.org.ar\/academia\/corporate-venture-capital-vs-venture-capital-conviene-empresa\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/www.endeavor.org.ar\/academia\/corporate-venture-capital-vs-venture-capital-conviene-empresa\/\" rel=\"noreferrer noopener\">Endeavor<\/a>, 2021<\/strong><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tipos_de_corporate_venture_capital\"><\/span><br><br><strong>Types of corporate venture capital<\/strong><br><br><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\"><strong>Internal: <\/strong>this is a type of CVC that originates within the organization itself. It can arise in the creation of startups to carry out specific activities crucial to the organization or arise from the Innovation and Development department itself<strong>.<\/strong><\/li>\n\n\n\n<li class=\"translation-block\"><strong>External<\/strong>: this is a collaboration with a startup external to the company.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ventajas_y_desventajas\"><\/span><br><br><strong>Advantages and Disadvantages<\/strong><br><br><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Advantages<\/strong><\/td><td><strong>Disadvantages<\/strong><\/td><\/tr><tr><td>No refund<\/td><td>Risk of loss of ownership<\/td><\/tr><tr><td>Fast cash flow<\/td><td>Possibility of losing a significant portion of autonomy<\/td><\/tr><tr><td>Know how<\/td><td>Delays can set your business back<\/td><\/tr><tr><td>Networking and contacts<\/td><td>Negotiate legal terms<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><br><strong><a href=\"https:\/\/www.fundacionbankinter.org\/blog\/noticia\/emprendedores\/corporate-venture-capital-ventajas-y-desventajas-de-esta-nueva-tendencia\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/www.fundacionbankinter.org\/blog\/noticia\/emprendedores\/corporate-venture-capital-ventajas-y-desventajas-de-esta-nueva-tendencia\" rel=\"noreferrer noopener\">Bankinter Foundation of Innovation<\/a>, 2021<\/strong><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%BFCuando_es_mas_adecuado\"><\/span><br><br><strong>When is it more appropriate?&nbsp;<\/strong><br><br><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This type of inverter is suitable for both small and larger investors.<\/p>\n\n\n\n<p class=\"translation-block\">For large companies, a CVC allows them to attract new technologies, talents, ideas and business models, thus meeting their need to innovate in their market offerings.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/baker.roymo.info\/wp-content\/uploads\/2021\/10\/71539571.jpeg\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<p class=\"translation-block\">\u200bEntrepreneurs and startups also benefit from this collaboration model, reducing the risk involved in the creation of a new technology company.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Casos_de_exito\"><\/span><br><br><br><strong>Success cases<\/strong><br><br><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"translation-block\"><strong>IEBS Business\u00a0School:\u00a0<\/strong>the business school has created its own corporate venturing service. It is the first business school in Spain to introduce this method.\u00a0Through IEBS Corporate Venturing, the school offers a consulting and innovation service with the intention of helping companies in their innovation processes (<a href=\"https:\/\/www.captio.net\/blog\/corporate-venturing-que-es-y-ejemplos\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/www.captio.net\/blog\/corporate-venturing-que-es-y-ejemplos\" rel=\"noreferrer noopener\">Captio<\/a>, 2017).<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img decoding=\"async\" src=\"http:\/\/www.iebschool.com\/frontend\/assets\/img\/mkt\/iebs_avatar.png\" alt=\"IEBS - The Business School of Innovation and Entrepreneurship\" style=\"width:-285px;height:-285px\" title=\"\"><\/figure>\n\n\n\n<ul id=\"block-32e64e39-8287-47d9-8876-cb7d45a7f7cd\" class=\"wp-block-list\">\n<li class=\"translation-block\"><strong>Google<\/strong> has created its corporate venturing service, Alphabet, with which it has invested in more than 300 startups.<\/li>\n\n\n\n<li class=\"translation-block\"><strong>Intel Capital:\u00a0<\/strong>Adaptive Mobile, a technology company specializing in security systems for cell phones, was founded in Dublin in 2003. This project caught the attention of Intel Capital, which identified a complementary model to its own. The company has made a total investment of almost $20 million in the startup, which has become a leader in its sector. (<a href=\"https:\/\/www.captio.net\/blog\/corporate-venturing-que-es-y-ejemplos\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/www.captio.net\/blog\/corporate-venturing-que-es-y-ejemplos\" rel=\"noreferrer noopener\">Captio<\/a>, 2017).<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fuentes_complementarias\"><\/span><strong>How To's Relacionados<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/medium.com\/sosv\/5-insights-on-corporate-venture-capital-with-andrew-gaule-e99020896f10\" data-type=\"URL\" data-id=\"https:\/\/medium.com\/sosv\/5-insights-on-corporate-venture-capital-with-andrew-gaule-e99020896f10\" target=\"_blank\" rel=\"noreferrer noopener\">Medium<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/hbswk.hbs.edu\/archive\/making-sense-of-corporate-venture-capital\" data-type=\"URL\" data-id=\"https:\/\/hbswk.hbs.edu\/archive\/making-sense-of-corporate-venture-capital\" target=\"_blank\" rel=\"noreferrer noopener\">Harvard Business School<\/a><\/li>\n<\/ul>\n\n\n\n<p><\/p>","protected":false},"author":8,"featured_media":0,"template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"tags":[1916],"paso-howto":[2282],"sectores":[],"class_list":["post-52034","diccionario","type-diccionario","status-publish","hentry","tag-corporate-venture-capital","paso-howto-optimizacion-del-pitch-y-valoracion"],"acf":[],"_links":{"self":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/diccionario\/52034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/diccionario"}],"about":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/types\/diccionario"}],"author":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/users\/8"}],"wp:attachment":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/media?parent=52034"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tags?post=52034"},{"taxonomy":"paso-howto","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/paso-howto?post=52034"},{"taxonomy":"sectores","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/sectores?post=52034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}