Corporate venturing: an extended typology

Corporate venturing (CV) is defined as a process of entrepreneurial effort that leads to creating new ventures within or outside established corporate organizations. This paper contributes to the theoretical foundation of CV research by offering an extended typology along the three dimensions of (1) the focus of corporate ventures, (2) the degree of intermediation within the CV process and (3) the explorative or exploitative orientation of venturing activities. Resolving terminological ambiguity, current research on corporate venturing is reviewed, and then avenues are identified for future research. Copyright Springer Verlag 2012