We discuss technology venturing as a strategic innovation management vehicle for business growth and sustenance in electronics industries. Specifically, we discuss corporate venture capital (CVC) in consumer electronics industries which have been suffering globally from a sever mega-competition, and technology venturing in which established companies may access emerging technologies of entrepreneurial startups (venture companies) and may conduct technology alliances with some of them for the purpose of R&D acceleration and outsourcing. We overview literatures in researches for CVC program since the mid 1960s from a viewpoint of the technology venturing, discuss business environment status in the consumer electronics industries, why technology venturing is needed for R&D acceleration and outsourcing, and show some CVC cases and Panasonic's practice. Then, we discuss some implications for CVC successes and give implication that both sides should maintain core competences, should respect reciprocally technology potential of each and should have flexibility toward win-win situation.