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KPMG FAS Releases Third Book on Corporate Venture Capital

KPMG FAS, based in Chiyoda, Tokyo, has recently published its third installment in a series of books focused on Corporate Venture Capital (CVC) and its role in fostering innovation. The book, titled 『実効CVC ― 事業計画評価から設計・契約・成果まで』, translates to Effective CVC: From Evaluation of Business Plans to Design, Contracts, and Outcomes, and is published by Chuokoeki Co., Ltd. This latest addition aims to provide in-depth insights into how companies can effectively link CVC activities with increased corporate value, particularly after the initial phases of CVC establishment and investment execution.

Overview of the Book's Structure

The new book features a comprehensive structure designed to address pertinent CVC topics. Its chapters include:

• - Chapter 1: Strategies to Overcome the Innovation Dilemma
• - Chapter 2: Quantifying Strategic Returns
• - Chapter 3: Evaluating Startup Business Plans
• - Chapter 4: Managing Technological Contamination
• - Chapter 5: Practical Approaches in Venture Debt
• - Chapter 6: Considerations on CVC Structure
• - Chapter 7: Overview of Open Innovation Contracts
• - Chapter 8: Challenges in Developing Startup Management
• - Chapter 9: Effectuation and Open Innovation
• - Chapter 10: Interacting with Israel's Startup Ecosystem
• - Chapter 11: Practice and Challenges of Open Innovation

This book stands out as a guide that not only reinforces theoretical knowledge but also emphasizes practical implications — aiming to resolve the challenges many CVC activities currently face.

Context of the Latest CVC Trends

In recent years, there has been a significant increase in the number of CVC establishments in Japan. This growth reflects a shift in management agendas where innovation through startup investment is gaining traction as a priority. However, many CVCs struggle with integrating collaboration with startups into existing and new business frameworks, alongside evaluating and visualizing the resultant outcomes. This complexity highlights the importance of strategic return concepts, quantification processes, risk management, and effective organizational design.

In response to these challenges, KPMG FAS has collaborated with an array of contributors, including CVC capitalists from outside the firm, scholars, and legal professionals, to provide actionable insights into open innovation. These contributions aim to offer practical solutions based on real-world experiences in the evolving landscape of corporate venture capital.

Advanced Practices in Corporate Venture Capital

The book also features advanced case studies of exemplary Japanese companies, such as Canon Marketing Japan, Ricoh, and Murata Manufacturing Company. Their real-life applications of CVC practices provide valuable lessons for organizations looking to enhance their own CVC strategies. These example cases illustrate not only the implementation of CVC but also its practical impacts on corporate structure and performance.

Book Details

• - Title: Effective CVC: From Evaluation of Business Plans to Design, Contracts, and Outcomes
• - Author: KPMG FAS
• - Release Date: February 5, 2026
• - Publisher: Chuokoeki Co., Ltd.
• - Price: 3,520 yen (including tax)

Services Offered by KPMG FAS

KPMG FAS offers strategic planning and establishment support services for companies looking to implement Corporate Venture Capital successfully. As a member firm of KPMG International, KPMG FAS specializes in optimizing business portfolios, M&A, and enhancing sustainable growth through effective management practices.

By leveraging deep industry knowledge across various sectors and collaborating with a team of professionals, KPMG FAS delivers tailored solutions designed for success in the complex and dynamic world of Corporate Venture Capital.