A hybrid approach of open innovation and corporate venturing can foster greater diversity and speed.

Once upon a time, we had many corporate venturing units that invested in external projects as well as in internal projects from the corporate groups they belonged to.

The number of units has declined steadily during the past decade and continues to do so in the aftermath of the financial crisis. One company I have always admired is Danfoss Ventures, which is the corporate venturing arm of Danfoss, a group with 26,000 employees working with refrigeration, air conditioning, compressors…

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