The study examines two non-governmental strategies to promote R&D investment for venture companies; Project financing, and CVCs(corporate venture capitals). The paper shows that project financing, the first strategy, once thought only suitable for pro...
The study examines two non-governmental strategies to promote R&D investment for venture companies; Project financing, and CVCs(corporate venture capitals). The paper shows that project financing, the first strategy, once thought only suitable for projects with stable future cashflows, could be a possible alternative for venture companies thanks to cashflow risk hedging techniques. CVCs(corporate venture capitals) could serve as a definite alternative for big corporations or chaebuls now facing structural limitations and, therefore, eagerly searching new business opportunities. In order to make these strategies successful, sound and objective evaluation schemes and techniques for venture companies must be developed.