34 Appendix Methodology: How We Conducted Research We set out to study corporate venturing practices across the world’s largest corporations. The departure point for our Research is the 2023 Forbes Global 2000 list of the world’s largest public companies. The following tables summarize our sample by continent, by industry and by country. Continent Companies Percentage (%) North America 204 40.8 Asia 152 30.4 Europe 127 25.4 Australia 9 1.8 South America 7 1.4 Africa 1 0.2 Total 500 100 Industry Companies Percentage (%) Financial 155 31 Manufacturing 85 17 Energy & Utilities 66 13.2 Retail & Trading 58 11.6 Technology 57 11.4 Pharma & Health 37 7.4 Construction 19 3.8 Transportation 14 2.8 Hospitality 5 1 Media 3 0.6 Real Estate 1 0.2 Total 500 100 The Mack Institute conducted a comprehensive data collection effort for the top 500 companies from the list, accessing their annual reports and websites as of January 2024. 34