A hybrid model of corporate venturing and open innovation increases the chances of success considerably.
Corporate venturing and open innovation (for example, supplier innovation) are complementary and should be part of a holistic approach to innovation.
The same can be said of engaging in early-stage and later-stage ventures at the same time (which I agree can and perhaps should be treated in a different way) to create short-term innovation and secure longer-term options.
Furthermore a close co-operation between industry players, knowledge institutions and government organisations should be part of the innovation strategy as well,…
