Corporate Venturing by Sector We will now offer more detailed descriptions of the eight key corporate venturing practices identified in our research. As previously noted, we classify these practices into two categories: Programs, which serve as the foundation of well-established corporate venturing initiatives, and Activities, stand-alone, entry-level practices or components of those four programs. Among the Programs, Corporate Venture Capital (CVC) is a traditional model of corporate venturing and thus a departure point for our discus- sion, while Venture Building and Venture Clienting are two approaches that, once peripheral and hidden within other programs, are now gaining prominence as corporations expand their venturing playbook. Shifting to industry sectors, we find that the industries leading the charge in corporate venturing are those where innovation and disruption are the most visible today: Technology and Finance, followed by Pharma and Healthcare, and Retail and Trading. Conversely, Transportation and Construction rank the lowest. Figure 4. Forbes 500 Companies’ Engagement with Programs and Activities by Industry* Industry Engagement (%) Transportation Manufacturing Retail & Trading Energy & Utilities Construction Pharma & Healthcare Financial Technology 0% 20% 40% 60% 80% 4 6 37 34 51 23 116 40 8 13 45 43 62 29 120 52 13 * The numbers to the right of the bars represent the total number of companies engaged. Programs Activities