US-listed industrial conglomerate General Electric (GE) is preparing its fourth area for corporate venturing with a team to look at advanced manufacturing.
GE already manages corporate venturing units looking at software, healthcare and clean-tech under its GE Ventures unit.
At the NCET2 Global 1000 conference last month, Rafael Torres (pictured), managing director at GE’s Healthymagination team, said advanced manufacturing would be the fourth area to the team of 35 professionals already investing $150m per year.