AAA June 2010 – Page 8

Move to create in-house venture team vindicated

A “deluge” of opportunities presented themselves to Merck Serono after the Switzerland-based biotechnology company lifted the lid on its corporate venturing fund last year and provided almost immediate justification for the decision to start a €40m ($49m) in-house venture capital operation. Receiving more than 400 business plans in the first nine months, however, caused some… Continue reading Move to create in-house venture team vindicated

First investment illustrates value in working together

US-based conglomerate General Electric Company has made its first investment out of its new corpo- rate venturing fund with a $5m backing of California-based CardioDx. The CardioDx investment was made out of the $250m GE Healthymagination fund and is part of a larger round, which a regulatory filing seen by news provider www.pehub.com suggests could… Continue reading First investment illustrates value in working together