A Model for Corporate Venture Capital Design Using Thematic Analysis
Document Type : Research Paper
Authors
1 technology studies institute
2 Imam Sadiq University.
3 Industrial Management, Faculty of Management and Accounting, Allameh Tabataba'i University, Tehran, Iran.
4 Industrial Engineering, Faculty of Industrial Engineering, Iran University of Science and Technology, Tehran, Iran.
Abstract
Rapid technological advancements and shifts in the business environment are driving companies towards innovation and enhanced competitiveness. In this context, Corporate Venture Capital (CVC) is recognized as a strategic tool to facilitate innovation and sustainable growth, involving minority investments by large corporations in startups. Successful CVC implementation faces numerous challenges, including balancing strategic and financial objectives. This research aims to design a model for structuring and organizing CVC within parent companies.
The research methodology is based on thematic analysis, combining empirical data (expert interviews) and a review of existing research. The resulting model is a decision-support framework built upon 13 key components across four dimensions: structural, investment strategy, human capital, and organizational interactions. This model is grounded in contingency logic, offering 58 decision-making options to enable customization based on each parent company's objectives, maturity level, structure, and organizational culture. This framework provides practical guidance for managers and policymakers, considering local nuances, and by offering a cohesive and actionable framework, it helps fill existing gaps in CVC literature and enhances organizational capabilities in innovation management.
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