The scale and scope of corporate venturing fundraising, combined with unique analysis by Martin Haemmig at Stanford University of historical investment data provided by Dow Jones VentureSource, allows the trends to be identified and the reveals the plans of the new conductors of the venture capital investment world.

This is the first wave in corporate venturing’s often turbulent, 40-year history – more groups are starting at the beginning of an economic cycle and there was no mass exodus during the recession.

Given the upheaval in the independent venture capital industry, with declining numbers of managers and fundraising concentrated on a handful of top-tier firms, this trend puts corporations at the centre of the next generation of backers to entrepreneurs.

And rather than being concentrated in developed markets or…