UK companies look to more partnerships
More than a third of UK companies expect to increase the level of strategic partnerships they are involved in over the next three years, according to a new survey.
The research into corporate venturing, which incorporates activities such as equity and licensing deals, found that the largest increase was likely to be amongst those companies who are already involved in venturing, with 60% saying that activity would be increased.
In contrast 53% of the manufacturing sector said that venturing would never be part of their corporate strategy.
Other findings of the research, conducted by MORI, were that 25% of Britain’s 600 biggest companies saw corporate venturing as integral to its strategy while another 15% said it was part of their strategy. In addition 38% of those that were not currently involved in venturing were likely to start in the future