AAA April 2014 – Page 15

Analysis: The successful timing of internationalisation

The internationalisation of new ventures can be seen as a time-based entrepreneurial process determined by the venture’s knowledge and resource base as well as the strategic decisions taken over time.  A group of researchers led by Niina Nummela of Turku School of Economics observed: “In the case of international new ventures, the key strategic decision… Continue reading Analysis: The successful timing of internationalisation

Gaule’s Question Time: An investment in real growth

  Gaule: What is the key purpose and objective of Monsanto Growth Ventures?  Hamer: First of all we are here to create future options and test cases for developing new growth opportunities for the corporation. Monsanto has grown at about 20% earnings before interest and taxes per annum for about the past 10 years, so… Continue reading Gaule’s Question Time: An investment in real growth

Comment: Hurdles in meeting a unit’s objectives

Corporate venturing units are often thought to service primarily the strategic needs of the corporate parent – technology learning, platform shaping and the like. To achieve this objective it seems logical to embed corporate venturing activities tightly within the parent company. Our survey of 25 corporate venturing units, covering a cross-section of industries and geographies,… Continue reading Comment: Hurdles in meeting a unit’s objectives

Malaysia’s MyTeksi set for more funding

MyTeksi, the Malaysia-based operator of a taxi ordering app, is reportedly looking to raise $10m in the form of a loan or convertible instrument, according to sources, which said the investor could be the Malaysia-based CIMB Investment Bank, The Star newspaper has reported. The company is already backed by the corporate venturing unit of Singaore… Continue reading Malaysia’s MyTeksi set for more funding

Tengelmann helps Westwing soar to $99m

Tengelmann Ventures, the corporate venturing arm of German retail firm Tengelmann Group, has invested in a €72m ($98.7m) equity round raised by Germany-based e-commerce company Westwing. Tengelmann was joined the round by other existing backers including investment firm Odey Asset Management, Access Industries, Holtzbrinck Ventures, Kinnevik, and Summit Partners. Financial services firm Fidelity Worldwide Investment… Continue reading Tengelmann helps Westwing soar to $99m

Government corner: HTGF invests ‘for mankind’

  Three months into the year, Germany-based public-private fund High-Tech Gründerfonds (HTGF) has already made several new investments – including Swiss vaccine developer Amal Therapeutics, which, it is claimed, has huge potential “not only economically but also for mankind”. Bonn-headquartered HTGF was established in 2005 to provide equity financing for technology start-ups in Germany. It… Continue reading Government corner: HTGF invests ‘for mankind’