Difficulties in a partnership vacuum.

Switzerland-listed wireless semiconductor company U-Blox’s acquisition of Cognovo, a UK-based technology company spun out from chip designer ARM, for $16.5m shows the strengths and weaknesses of corporate venturing in a declining venture capital landscape.

While a powerful corporation can create viable technologies and support them in expectation of future financialand strategic benefits, there is often also an imperative to bring in partners.

Outside a handful of hot areas – this year enterprise data analytics, last year social media – venture…