Answer:
True
Step-by-step explanation:
The correct answer is "TRUE". Internal corporate venturing consists of creating something new of value which is carried out within the company. It is either achieved by redefining or remodeling the company's current products or services, developing new markets, or forming more formally autonomous or semiautonomous units or firms. The Internal Corporate Venturing is carried out internally i.e within the organization. It's an entrepreneurial initiative with the aim of creating something new from the available business. For large established firms, internal corporate venturing is a major platform for corporate growth and diversification.