Time:14:00 - 17:30 AM,3 July, 2024

Speaker: Yong Li is the Lee Chair of Entrepreneurship at the University of Nevada's College of Business, Research Director of the Troesh Centre for Entrepreneurship and Innovation, Co-Editor-in-Chief of Strategic Entrepreneurship Journal (SEJ), and a reviewer for major journals such as Academy of Management Journal (AMJ), Academy of Management Review, Journal of Business Venturing (JBV), and Journal of International Business Studies (JIBS). He is a co-editor of Strategic Entrepreneurship Journal (SEJ), a leading journal in the field of entrepreneurship, and a reviewer for Academy of Management Journal (AMJ), Academy of Management Review, Journal of Business Venturing (JBV), and Journal of International Business Studies (JIBS). He has taught MBA and PhD programmes at various universities in the US and China. He has been awarded the‘Student's Choice for Outstanding Teacher’, as well as the Best Seller and Best Case honours. He was a Professor of Strategic Entrepreneurship at the State University of New York at Buffalo and received his PhD in Business Administration from the University of Illinois at Urbana-Champaign.

Abstract:

Current research on corporate venture capital emphasises the pursuit of financial and strategic goals and the consequent misalignment of incentives between corporate venture capital and entrepreneurial ventures. This study examines a largely unrecognised driver of investment in the industry, namely the collaborative incubation of an enabling technology prior to profitable commercialisation. We argue that in this case, technological complementarities between corporate venture capital and joint ventures are a key driver of corporate investment, particularly in the context of high technological uncertainty. We also believe that the encouraging effects of technological complementarities remain important despite the dangers of misappropriation. We find substantial supporting evidence in the context of AI business investment. This study adds to the research on investment and complementarity.