Corporate Venture Studios as Open Innovation Platforms for Grand Challenges

Book chapter

Davide Viglialoro, Melissa Vasi
Jesus Barrena Martínez, Esther Ferrándiz, Jaime Sánchez, Melissa Vasi, Open Innovation for Sustainable Development Goals: Collaborative Models, Social Innovation, and Global Transformation, Nova Science Publishers, Inc., 2027

Cite

APA Click to copy
Viglialoro, D., & Vasi, M. (2027). Corporate Venture Studios as Open Innovation Platforms for Grand Challenges. In J. B. Martínez, E. Ferrándiz, J. Sánchez, & M. Vasi (Eds.), Open Innovation for Sustainable Development Goals: Collaborative Models, Social Innovation, and Global Transformation. Nova Science Publishers, Inc.

Chicago/Turabian Click to copy
Viglialoro, Davide, and Melissa Vasi. “Corporate Venture Studios as Open Innovation Platforms for Grand Challenges.” In Open Innovation for Sustainable Development Goals: Collaborative Models, Social Innovation, and Global Transformation, edited by Jesus Barrena Martínez, Esther Ferrándiz, Jaime Sánchez, and Melissa Vasi. Nova Science Publishers, Inc., 2027.

MLA Click to copy
Viglialoro, Davide, and Melissa Vasi. “Corporate Venture Studios as Open Innovation Platforms for Grand Challenges.” Open Innovation for Sustainable Development Goals: Collaborative Models, Social Innovation, and Global Transformation, edited by Jesus Barrena Martínez et al., Nova Science Publishers, Inc., 2027.

BibTeX Click to copy

@inbook{viglialoro2027a,
  title = {Corporate Venture Studios as Open Innovation Platforms for Grand Challenges},
  year = {2027},
  publisher = {Nova Science Publishers, Inc.},
  author = {Viglialoro, Davide and Vasi, Melissa},
  editor = {Martínez, Jesus Barrena and Ferrándiz, Esther and Sánchez, Jaime and Vasi, Melissa},
  booktitle = {Open Innovation for Sustainable Development Goals: Collaborative Models, Social Innovation, and Global Transformation}
}

Abstract

Addressing SDG-related grand challenges requires innovation models that mobilise knowledge and resources across organisational boundaries. Venture Studios have recently emerged as a promising mechanism for systematically creating and scaling purpose-driven ventures, yet their governance structures and connection with open innovation remain underexplored. Focusing specifically on Corporate Venture Studios, this chapter investigates how different governance configurations leverage collaborative innovation to address grand challenges. Drawing on the literatures on open innovation, Venture Studios, and grand challenges, the study adopts an exploratory multiple-case design combining interview and secondary data. The analysis identifies three governance configurations: Captive, Partnership-based, and Consortium-based Corporate Venture Studios, which differ in how opportunities originate, how external actors participate, and how resources and decision rights are distributed. Building on these findings, the chapter develops a framework that positions governance as the mechanism through which openness is organised and shows how different configurations can support the creation of new ventures, new applications of technologies and knowledge, strategic partnerships, and social value. The study contributes to the emerging Venture Studio literature and extends open innovation research by explaining how Corporate Venture Studios can organise cross-boundary collaboration in the context of grand challenges. The framework also provides practical guidance for corporations, policymakers and ecosystem actors seeking to design and govern Corporate Venture Studios capable of mobilising diverse actors and resources in support of SDG-related objectives.