2008 年全球金融海嘯之後，世界如同經歷一場大衰退，對台灣創投產業影響巨大，台灣地區不論是整體投資，或籌資規模均銳減。一向在創業投資領域上表現良好的台灣，也遇到許多挫折，如好的投資標的難尋、資本市場景氣不良、退出策略過於窄小、以及重大創新需要更長的時間以及更多的資源，這些都是獨立創投難以克服的問題。而投資在專業領域便為目前創投業將錢花在刀口上的最佳投資方式 。投資在這類領域的創投機構，都需要有相當專業程度的知識積累，或是具有相當程度的產業整合能力。因此學者提出了企業創投以及獨立創投必須彼此學習的觀點。
企業如何主導所投資產業標準的訂立，如何訂立企業全球定位的策略、企業創投是否需要配合企業整體策略，以及創投策略與組織、管理方式。這些都是企業創投所關心的重點，英特爾資本為世界上最大的科技型企業創投，本研究將借鏡其獨到且成功的投資方式，結合開放式創新概念，建議台灣企業創投應採取「創新仲介者」模式，不僅可以有效降低投資風險，另一方面也可降低投資成本。

After the 2008 global financial tsunami, the global economy has been undergoing a “great recession”, and it has a tremendous impact on Taiwan's venture capital industry. Not only overall investment, but also financing is descending rapidly. Although Taiwan has always performed well in the field of venture capital, it encounters many setbacks nowadays, such as “Hard to find the target.”,” Recession of capital market.”, “Narrowest Cash-out. ” and "Major innovations take longer and more resources." etc. These problems are difficult to overcome. Therefore, to spend money on the cutting edge, investing in professional fields is the best policy of venture capital, and it requires of venture capital institutions substantial accumulation of professional knowledge in the specific fields as well as industrial integration capabilities. Scholars have put forth the view that corporate venture capital and independent venture capital must learn from each other.
How to dominate the standards of investment industry , how to make the global positioning strategy, whether corporate venture capital needs to meet the overall strategy, and venture capital strategy , organizing, management methods. These are key issues for corporate venture capital. Intel capital is the world's largest science and technology intensive venture capital. This study will draw on its experience of successful and unique investment, combined with the concept of open innovation，suggesting that corporate venture capital in Taiwan take "innovation intermediary" mode which will not only reduce investment risk and but also investment cost.

第壹章 緒論 5
第一節 研究背景與動機 5
第二節 研究目的 11
第三節 研究方法 12
第四節 研究對象 14
第五節 研究限制 15
第六節 論文章節說明 16
第貳章 文獻探討 18
第一節 開放式創新 18
第二節 產業鏈中心 20
第三節 企業創投 29
第參章 個案分析 31
第一節 集團介紹 31
第二節 Intel現階段與未來的挑戰 34
第三節 英特爾資本 35
第肆章 訪談結果與討論 41
第一節 訪談問題 41
第二節 訪談結果 42
第三節 Intel下一階段面臨的挑戰 45
第伍章 結論與建議 48
第一節 研究結果 48
第二節 英特爾資本可藉鑒模式 49
第三節 台灣企業創投可藉鑒模式 50
第四節 後續研究建議 52
參考文獻 54
附錄一 訪談逐字搞整理 57

中文部分
1.中華民國創業投資商業同業公會(2009)，2009年台灣創業投資年鑑，
2.李芳齡譯(2005)，成長的賭局（The Growth Gamble），天下雜誌股份有限公司，（Andrew Campbell, Robert Park著）
3.何霖譯(2007)，企業達爾文（Dealing With Darwin），臉譜出版，（Groffrey A Moore著）
4.吳凱琳譯(2007)，創新的兩難（The Innovator’s Dilemma），商周出版，（Clayton M. Christensen 著）
5.劉常勇(2009)，科技創新管理
6.羅偉特(2006)，台灣企業創投可行模式之研究，中山大學企業管理學系碩士班，碩士論文，
7.陳隆麒等譯(2004)，創業財務（Entrepreneurial Finance），華泰文化事業公司，（Janet Kiholm Smith,Richard L. Smith 著）
8.黎綺雯(2009), 開放式創新，go!, 台灣經濟研究月刊地32卷第7期

英文部分
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2.Burgelman, Robert A. (1984), Managing the Internal Corporate Venturing Process, Sloan Management ReviewVolume: 25, Issue: 2, Pages: 33–48.
3.Block, Zenas and MacMillan, Ian C. (1993), Corporate venturing: Creating new businesses within the firm, Soundview Executive Book Summaries P15-11.
4.Brettel, Malte(2010), Innovation and International Corporate Growth, Part 3, 349-357, DOI: 10.1007/978-3-642-10823-5_21.
5.Chesbrough ,Henry(2002), Making Sense of Corporate Venture Capital, Harvard Business Review March, R0203G.
6.Chesbrough, Henry(2003), Open innovation: The new imperative for creating and profiting from technology, Harvard Business Press.
7.Campbell, Andrew, Birkinshaw, Julian, Morrison, Andy, Batenburg, Robert Van Basten(2003), The Future of Corporate Venturing, MIT Sloan management review, ISSN 1532-9194, Vol. 45, Nº 1 , page. 30-37.
8.Chesbrough ,Henry (2004), Managing Open Innovation, Research-Technology Management, Volume 47, pp. 23-26(4).
9.Cartin, Edward( 2005), “Corporate Venturing: A Financing Cinderlla”, Accountancy Ireland Vol.37 No.3.
10.Christensen, Jens Froslev, Olesen, Michael Holm and Kjaer, Jonas Sorth(2005), The industrial dynamics of Open Innovation—Evidence from the transformation of consumer electronics, Research Policy, vol. 34, issue 10, pages 1533-1549.
11.Chesbrough, Henry and Crowther, Adrienne Kardon(2006), Beyond high tech: early adopters of open innovation in other industries, R&D Management 36, 3.
12.Chesbrough, Henry (2007), Open Innovation and Strategy, California Management Review Volume: 50, Issue: 1, Publisher: UNIVERSITY OF CALIFORNIA, Pages: 57-77.
13.Dodgson, Mark, Gann, David, Salter, Ammon(2006), The role of technology in the shift towards open innovation: the case of Procter & Gamble, R&D Management Volume 36, Issue 3, pages 333–346.
14.Enkel, Ellen, Gassmann, Oliver and Chesbrough, Henry(2009), Open R&D and open innovation : exploring the phenomenon, R&D Management 39, 4.
15.Lerner, Josh , Ann, Leamon , Felda, Hardymon( 2005). Venture capital and private equity a case book. John Wiley & Sons.
16.Metrick, Andrew(2007) , Venture capital and the finance of innovation Wiley.
17.Nambisan Satish，Sawhney Mohanbir(2007), Global Brain.
18.Robert A. ,Burgelman(2002) , Strategy Is Destiny , Simon & Schuster.
19.Rein, Rof and Halme, Kimmo(2009), Open Innovation in a globalised World-Implications for innovation policies in Europe, Inno- views Policy workshop. Retrieved.
20.Vanhaverbeke, Wim(2006), open innovation in value networks, open Innovation: Researching a new paradigm, Oxford University Press.