STRATEGIC ANALYSIS OF CORPORATE VENTURE CAPITAL UNITS AS INNOVATION-ARM FOR PARENT COMPANY USING OPEN INNOVATION METHOD

• Main Author: Sularko, Herdi
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/49241
• Institution: Institut Teknologi Bandung

The technology-based startup ecosystem is developing rapidly in Indonesia, as is the interest of building Corporate Venture Capital (CVC) unit as institutional investors to contribute in the digital entrepreneurship ecosystem, but often the objectives to be achieved by the parent corporations as shareholders of technology startups are not only to reap the capital gain but also to insource the acculturation of working culture between incumbent and start-up that spurs innovation in product development, business model and capturing new markets. This final project objectives are conducting research to identify Innovation Stimulus elements in a parent company that affects Innovation Capacity, and also to identify Innovation Capacity elements from CVC unit and their portfolios that affect Innovation Performance of the Parent Company using likert-based questionnaire, distributed and collected more than 100 samples of parent company employees that engaged with CVC unit and used PLS-SEM analysis to get the result that CVC unit and their portfolios are main part of Innovation Capacity that play an important role in the relationship between Innovation Stimulus and Innovation Performance of the parent company. Furthermore, the author also defining the Key Factors of CVC unit to have a strategic role in the parent corporation and subsidiary units in the parent, as innovation-arm for the parent company. In addition, this final project also help corporate managers to know more details of various CVC types in terms of aiming to build a unit in their corporation to achieve Sustainable Competitive Advantage.