AAA James Mawson – Page 240

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

Call to arms for innovation

Corporations in the US have been slashing internal long-term research and development spending for decades and, most recently, investments in venture capital-backed start-ups but this has to change for their nation’s health.

Call to arms for innovation

America’s innovation engine is running out of gas. Corporations in the US have been slashing internal long-term research and development spending for decades and, most recently, investments in venture capital-backed start-ups. Confronting an increasingly competitive global economy and the emergence of well financed centers of innovation outside of long dominant Silicon Valley, the case for… Continue reading Call to arms for innovation

Companies search for the right venturing formula

At a seminar by UK-based law firm Taylor Wessing, John Bates, adjunct professor of entrepreneurship at the London Business School, said the fundamental reason companies wanted to promote internal and external corporate venturing was to add speed, innovation, flexibility and excitement to the larger business. He said these strategic and operational reasons boiled down to… Continue reading Companies search for the right venturing formula