The utility will target energy transition, smart cities and good governance investments through its new fund.
Month: August 2023
Korea plans $1.5bn fund to support deep tech startups
The new fund is part of a recent raft of measures to attract foreign investment in the country’s venture capital sector.
August Deal Round up: Avatr Technology gets $412m in series B funding
Changan Automobile, Contemporary Amperex Technology and China South Industries were all part of Avatr Technology’s $412m series B round.
Volvo Group taps into early-stage deeptech startups
The Swedish transport company is testing out a new incubator programme as a way to work with very early-stage deeptech startups.
How to teach big companies to change as nimbly as startups
Small experiments and a “coalition of the willing” helps create the right culture, says Liminal Ventures’ Jonny Crowe.
CVC Unplugged: Digitising buildings to solve the climate crisis
With buildings accounting for 40% of all GHG emissions, investor JCI Ventures’ Youssef Mawad seeks ways to make the built environment smarter and greener.
Where few dare to tread: Genting Ventures wrings value from Southeast Asian startups
The Malaysian conglomerate’s CVC plans to raise external capital in the future, potentially giving foreign investors access to the Southeast Asian tech ecosystem.
Jaffrey switches to SRMG Ventures
Salman Jaffrey was previously head of strategy at Wa’ed Ventures, an impact-driven venture capital fund of Aramco.
The Big Deal: Genesis gets $200m for its gen AI drug development
This is the latest in a series of healthcare AI businesses that Nvidia has backed, as generative AI adds a new dimension to drug discovery.
Biomedical technology incubator launches in Singapore
Public healthcare provider National Healthcare Group partnered with NTU Singapore and A*Star to launch Co11ab Novena, the first biomedtech incubator in Singapore
Corporate-backed startups are more likely to survive
Having a corporate investor decreases the chance of a startup going bankrupt and increases valuation relative to EBITDA if there is an exit.
Data problem slows corporate investment in AI
Adequate data collection and processing are not yet in place to ensure AI-based large language models will be useful to industry.
CVC Unplugged: How to transform your business
A specialist in leading companies through digital transformation, Jonny Crowe talks about how to effectively execute and manage change.
Energy companies could be climate tech’s “innovation angels”— but aren’t stepping up
Energy companies can be astute investors in climate-related deeptech startups. Unfortunately they are slowing their investment pace.