@article{1941,
author = "G.N. Sandhy Widyasthana and M. Gilang Pramuwidyatama",
abstract = "Amid high uncertainty and disruption, for mature corporations, product service innovation and business development initiatives can be risky. Corporations are mitigating the risks and looking for a new corporate innovation engine by establishing corporate venture capital (CVC) to fuel firms long-term growth and sustainability. CVC is not only investing in potential startups but also conducting non-financial value add activity with its portfolios to bolster the capabilities of its parent firm. Business synergy among startup portfolios and CVC networks can also fundamentally support a startups growth, consequently leading to the growth of the startups and a preferred chance to exit at a suitable valuation for the CVC. This paper shows that CVC outside-in partnership activity can bring new businesses to the parent firm and benefit startups to get more appreciation for raising later-stage funds.",
issn = "23495219",
journal = "IJIRES",
keywords = "Strategic Alliance, Entrepreneurial Financing, Startup, Value Creation, Venture Capital",
month = "September",
number = "5",
pages = "169-181",
title = "{C}orporate {V}enture {C}apital {V}alue {A}dded through {S}ynergy {C}reation between {P}arent {F}irm {\&} {S}tartups",
volume = "9",
year = "2022",
}