Corporate Venture Capital (CVC) Model in ICT Companies

Corporate development can be achieved through in or out-of-company strategies. Some of the most important exploratory actions are: to do strategic alliances, joint venture, acquisition, or investment in ventures. Corporate venture capital is a strategy used by large companies in various industries around the world. In Iran, the use of this method, especially among ICT companies is growing. The present research goal is to design CVC model for Iranian companies. Since there has no studies been conducted in this country before, the exploratory method of grounded theory has been used to present the model. In this method, the data are collected through deep semi-structured interviews with industry and academic experts and are codified in three stages to reach a paradigm model. In the proposed model, Corporate venture capital has been identified as the main phenomenon and causal conditions, context, intervening conditions, related actions, and consequences have been introduced. Next, theories are articulated through a storyline building process around categories. Finally, the research contributions and limitations are mentioned.