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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

Google Ventures unveils its plans

Google Ventures, the in-house venture division of the online search engine company, has this month revealed more of its 16-strong team and said it was preparing to invest $100m a year from its funds.   Google Ventures launched last year with $100m, which the firm said had already been invested in 10 companies. Bill Maris,… Continue reading Google Ventures unveils its plans