As with last year’s, the Global Corporate Venturing predictions for this year rely heavily on curating the crowd-sourced wisdom of the experts, our subscribers and readers, with a selection of the best answers in our survey on the following pages. Our motto, courtesy of philosopher David Hume, states: “Truth springs from argument among good friends,” so please continue the debate at our LinkedIn page and by dropping me a note. Last year’s dozen picks were broadly accurate as the global economy continued to grow despite concerns about the eurozone and slowdowns in China, India, Japan and Europe; protectionism started to increase while governments, usually, made increasing efforts to attract entrepreneurs and investors; and corporate venturing continued to explode and the role of chief innovation officer became more widespread. Education was the sector of the day, while the US retained its innovation edge and all eyes were on its entrepreneurial success stories, including Facebook, albeit that sentiment went quickly from hype to gloom after its record flotation. Macroeconomic The world has broadly been a Nice – non-infationary, con-sistently expansionary – place to be over the past two decades since the end of the Soviet Union helped to push hundreds of millions of people into a more capitalist system. While some countries, companies and individuals struggle with their debts, others will beneft from a competitive position of having cash and being able to invest in innovation to take market share from the so-called zombies living beyond their means – no reason to expect this to stop in 2013, with forecasts of reasonable economic growth for the world’s economy that is remarkably globalised and with few controls on capital. The only question marks are whether protectionism will recur following a rise in nationalism and a youth demographic in the Middle East, Africa and south-east Asia that could foment unrest, or whether the shift to city-centred politics and solutions will create an altered polity. Policy changes As societies, and the people and organisations within them, think through the consequences of how investing in innovation, and the supporting bits that are required, such as infrastructure – leads to relative out or underperformance versus peers, so governments will begin a host of policy changes designed to make their region more attractive. With corporate and other venture capital the new form of foreign direct investment, countries that build on their existing strengths to form a comprehensive package of tax, legal and other benefits will do well, with…

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