Academic paper identifies reasons behind sector's poor venturing survival rates.
In order to achieve financial and strategic objectives, survival of a corporate venturing fund is a prerequisite but one that utilities seem often predestined to fail to meet.
The organisational culture at the corporate venturing unit’s parent company has been regarded as a primary factor behind the launch of energy utilities’ venturing funds between 1999 and 2001, and the subsequent closure of three-quarters of them within about five years, according to an academic paper* by Tarja Teppo, co-founder of…
