Internal corporate ventures

Organic growth through internal corporate ventures... 

Internal corporate ventures contrasted with start-ups... 

In many ways, the challenge of allocating resources to and creating new lines of business internally is similar to the challenge of fostering innovation through R D (see Bower, 1970 Helfat, 1988). However, the purpose of R D is to sponsor innovations the purpose of a corporate venture is to create a new business inside the firm (Block MacMillan, 1993). Most new business units are innovative, but... 

Corporate venture funds are venture capital funds financed pardy or entirely by industrial companies. They are ideally managed using the same financial criteria as venture capitalists would apply but, in addition, they have a strong relationship with their industrial investors. The startups funded then benefit from the investors industry knowledge, while the industrial investors not only receive a financial return but also better information from the market to use in external and internal investment decisions. They can provide access to new technologies and allow companies to build an external network by, for example, cooperating with a number of different startups. This has given some corporations access to important deals in return for a relatively small investment. 

Supply and demand statistics for 1988 for all regions of the wodd as compiled by SRI International are given in Table 5. The wodd producers of acetal resins and their aimual capacities are Hsted in Table 6 (29). Hoechst Celanese and Ultraform Corporation (a joint venture of Degussa and BASF) have aimounced capacity expansions in the United States to 77,000 t and 16,000 t, respectively both were due in place in 1990. Part of general capacity expansion plans, aimounced by Du Pont for completion in 1991, are beHeved to apply to acetal resins. 

It is carried out in the Hquid phase at 100—130°C and catalyzed by a soluble molybdenum naphthenate catalyst, also in a series of reactors with interreactor coolers. The dehydration of a-phenylethanol to styrene takes place over an acidic catalyst at about 225°C. A commercial plant (50,51) was commissioned in Spain in 1973 by Halcon International in a joint venture with Enpetrol based on these reactions, in a process that became known as the Oxirane process, owned by Oxirane Corporation, a joint venture of ARCO and Halcon International. Oxirane Corporation merged into ARCO in 1980 and this process is now generally known as the ARCO process. It is used by ARCO at its Channelview, Texas, plant and in Japan and Korea in joint ventures with local companies. A similar process was developed by Shell (52—55) and commercialized in 1979 at its Moerdijk plant in the Netherlands. The Shell process uses a heterogeneous catalyst of titanium oxide on siHca support in the epoxidation step. Another plant by Shell is under constmction in Singapore (ca 1996). 

INGERSOLL-RAND COMPANY LIMITED MATSUSHITA ELECTRIC INDUSTRIAL CO LTD MCDERMOTT INTERNATIONAL INC MITSUBISHI ELECTRIC CORPORATION MMA RENEWABLE VENTURES MODINE MANUFACTURING COMPANY NAVITAS ENERGY INC NEXANTINC NOVOZYMES... 

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