Abstract

This article describes a corporate structure for fostering and marketing high-technology innovations. This structure occupies a middle ground between large companies and small start-ups. It is the "open corporation," a non-bureaucratic organization that focuses on identifying entrepreneurially minded engineers and scientists, teaching them how to build businesses that respond to market needs and connecting them to sources and users of innovation. The "product ' of the open corporation is a continuous stream of new enterprises that have a profoundly different character from those created by venture capital.