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How Corporate Research and Venture Capital can learn from one another
Waites, Robert; Dies, George
HPL-2005-174
Keyword(s): venture capital; innovation models; research management; corporate research
Abstract: After carefully evaluating a variety of mechanisms to leverage the world class Venture Capital (VC) firms in the vicinity of Hewlett-Packard's Silicon Valley headquarters, Hewlett-Packard Labs (hpl.hp.com) and the venture capital firm Foundation Capital (www.foundationcapital.com) entered into a strategic relationship. This relationship focused on the unique needs of a large corporate research organization, and was not intended to replace or substitute for on-going relationships between HP's business organizations and the venture capital community. This paper describes the motivation and history of this relationship, and articulates the value the relationship has provided both companies during the last 2+ years. This relationship has enabled both firms to understand more clearly the fundamental differences in their two different innovation models. The paper suggests that other large central research labs can benefit from a similar relationship. It concludes by describing some ways to achieve benefits without actually establishing a formal relationship. Notes: Copyright Industrial Research Institute. Published in Research - Technology Management
6 Pages
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