Sustaining venture creation from industrial laboratories

Henry Chesbrough; Stephen Socolof

doi:10.1080/08956308.2003.11671572

Sustaining venture creation from industrial laboratories

Henry Chesbrough^*
, Stephen Socolof

^*Corresponding author for this work

Research output: Indexed journal article › Article › peer-review

7 Citations (Scopus)

Abstract

Lucent's New Ventures Group launched 35 ventures out of Bell Laboratories technologies. Notwithstanding 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.

Original language	English
Pages (from-to)	16-19
Number of pages	4
Journal	Research Technology Management
Volume	46
Issue number	4
DOIs	https://doi.org/10.1080/08956308.2003.11671572
Publication status	Published - 2003
Externally published	Yes

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10.1080/08956308.2003.11671572

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title = "Sustaining venture creation from industrial laboratories",

abstract = "Lucent's New Ventures Group launched 35 ventures out of Bell Laboratories technologies. Notwithstanding 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.",

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AB - Lucent's New Ventures Group launched 35 ventures out of Bell Laboratories technologies. Notwithstanding 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.

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DO - 10.1080/08956308.2003.11671572

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JO - Research Technology Management

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Sustaining venture creation from industrial laboratories

Abstract

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