By Ezra Carlson, who is an innovation and corporate venturing consultant and recently completed his doctorate at the Cranfield School of Management. This article partly draws on his research at Cranfield.

Collaborating with VCs and other companies can be a way of taking the risk out of early-stage investments in breakthrough tech.

Corporate venturing is a tool that has become increasingly popular with companies as a lower-cost way to tap into innovation outside the organisation.

There is some debate about whether corporate venturing should be focused on strategic or financial goals, but a fair amount of evidence – such as the work of Dushnitsky and Lennox – indicated that a strategic…