After decades of on-again, off-again forays into corporate venturing, corporations have turned their engines on again.

Last year, technology-oriented corporations invested $1.9bn in venture capital, up from $1.35bn in 2009, and this brisk 40% growth rate is on track for a repeat performance this year.

The corporate world realises it has little choice but to be a venture capital player. Whether it is a hot new mobile or social media application, better ways to expand internet infrastructure or the latest medical device or healthcare information technology, start-ups are far more likely than established companies to be…

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