Abstract
I briefly describe three new ventures in Bangalore, India that were founded at different stages of the local entrepreneurial ecosystem’s maturation process, and all internationalized from inception. As the Bangalore entrepreneurial ecosystem matured, the ventures engaged in progressively closer partnerships with the local subsidiaries of foreign multinationals that facilitated their (the new ventures’) internationalization. Thus I point to an upward trajectory in, and interface between, innovation activities of both foreign MNEs and indigenous new ventures. An important implication for international entrepreneurship research is the opportunity (and necessity) to explicitly incorporate the role of partnerships with large MNEs in future research.
Highlights
In this paper I discuss under-researched possibilities at the interface of international new ventures (INVs) and multinational enterprise (MNE) networks
The possibilities at the MNE–INV interface, which was the focus of a panel discussion2 at the 2012 AIB conference in Washington DC, represent a potentially major research opportunity in international business (IB) research for scholars with an interest in new venture internationalization and MNE networks
Recent thinking on MNE networks suggests that opportunities arise for internationally-minded, innovative new ventures to leverage the innovation ecosystems of MNE’s networks (Buckley, 2009)
Summary
In this paper I discuss under-researched possibilities at the interface of international new ventures (INVs) and multinational enterprise (MNE) networks. My research began early in the twenty-first century, when the phenomenon of “Bangalorization” – the migration (and loss) of jobs through outsourcing and offshoring – led to a corresponding emergence of born globals in places like Bangalore i.e. new ventures that internationalized almost from inception, as recipients of offshored business opportunities.
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