The investing companies and partner firms are likely to imbibe that entrepreneurial spirit, which becomes receptive and tolerant toward risk-taking, experimentation, and speedy innovation. In a fast-paced business environment, innovation remains the lifeblood of a large corporation's success. Traditionally, research and development departments remain the lifeblood of large corporations. Simply by size and at this pace, R&D typically lags the highly developing ecosystem in any start-ups. To bridge the gap, corporate venture capital has emerged as a strong innovation tool, providing established companies with the entrepreneurial spirit and the edge of the new age offered by start-ups. CVC refers to investments made by large corporations in the early stage of emerging start-ups usually in strategic sectors.