Plus Tech Scout Challenge
Join us for the Tech Scout Challenge, followed by a Gala Dinner/Awards and the Corporate Venturing Symposium. Click here to register:
Program Agenda
Monday, May 14, 2012
Tech Scout Challenge and Global Corporate Venturing Awards Cocktails
In association with Baker Botts, Silicon Valley Bank, Fedmine and the American Security Challenge, sponsored by UK Trade & Investment (UKTI)
Location: Baker Botts, 41 Lothbury, London, EC2R 7HF. Map here.
This event brings together the best of British entrepreneurs, selected by UKTI’s judges, seeking between £2m and £10m over the next year with their most promising and successful peers from round the world, chosen by applicants received and reviewed by the American Security Challenge. These 15 innovative technology companies provide solutions in the areas of information technology, social and digital media, financial services, and cyber security and energy technologies. We challenge them to spark your interest.
Their task: to convince a room of Fortune 500-scale corporations managing more than $5bn in invested or committed venture capital under management that they deserve the support and finance these corporate venturing units can bring to make them even more successful. (For the full descriptions of the finallists being presented and the biographies of the speakers, please see related content at the bottom.)
08.30 – 09.00: Registration, coffee and networking
09.00 – 09.15: Welcome: Neil Foster, Partner at Baker Botts, and James Mawson, Founder and Editor of Global Corporate Venturing
09.15 – 10.00: Panel discussion on the UK as a place to invest by the UKTI on behalf of the British Government.
Moderator: James Mawson, Founder and Editor of Global Corporate Venturing
Panellists: Bruce Beckloff, Head of Corporate Business Development, ARM Holdings PLC
Jerneja Joncar, Investment Manager, GM Ventures
Jerry Ennis, Strategic Adviser to venture capital unit, UKTI
10.00 – 10.15: Break
The morning set of nine British entrepreneurial challengers has been chosen by UKTI after judging by the distinguished:
Mike Brown, Founder and Partner, AOL Ventures
Steve Gibson, Partner, Euclid Opportunities
Veronique Hervouet, Senior Vice President of Investments at Total Energy Ventures, Total SA
Davorin Kuchan, Director of Corporate Venturing and Innovation Texas Instruments
Alex McCracken, Director, Silicon Valley Bank
Maria Molland, Strategic Adviser to Venture Capital Unit, UKTI
Thorsten Piesl, Vice President, State Street
10.15 – 11.00: First set of three Tech Scout Challengers on Clean-Tech, introduced by UKTI’s Maria Molland
2k Manufacturing
Ventive
Mesaplexx
11.00 – 11.15: Break
11.15 – 12.00: Second set of three Tech Scout Challengers on Social and Digital Media, introduced by UKTI’s Maria Molland
DADapp
SocialSafe
UVuu.Me
12.00 – 12.15: Break
12.15 – 13.00: Third set of three Tech Scout Challengers on Financial Services, introduced by UKTI’s Maria Molland
DCisions
Flooved
HipSnip
13.00 – 14.00: Lunch, provided by Baker Botts
14.00 – 14.05: Welcome Back: Tim Lafferty, Managing Director, Global Corporate Venturing
14.05 – 14.15: The Tech Scout Challenge: Roger London, Chairman, American Security Challenge
The afternoon set of six challengers has been chosen by applicants received and reviewed by the American Security Challenge.
14.15 – 15.00: Speed pitches from first set of three international Tech Scout Challenger Finalists:
Unveillance
CarryQuote
Agincourt Solutions
15.00 – 15.30: Break
15.30 – 16.15 – Panel discussion – how to sell to the US Government.
Moderator: Roger London, Chairman, American Security Challenge
Panelists: William Gaches, Director of Strategy, Northrop Grumman
Erik Sebusch, Partner, CMEA Capital
16.15 – 17.00: Speed pitches from second set of three international Tech Scout Challenger Finalists:
AirPatrol
HyLighter
RedOwl Analytics
17.00 – 18.00: Closing remarks and challenger prizes by James Mawson, Editor and Founder, Global Corporate Venturing, Neil Foster, Partner, Baker Botts, and Maria Molland, UKTI, then open networking.
18.00 – 19.45 – Cocktails on the 7th floor terrace, hosted by Silicon Valley Bank (or downstairs at Baker Botts in case of rain), with presentation of awards for best practice in corporate venturing.
If you are interested in supporting this event by being a Corporate Partner and being involved in the selection process of Challenger Companies, please read this document for information.
If you are a tech company wishing to submit an application to present, click here for more information.
Gala Dinner celebrating the Global Corporate Venturing Awards. SOLD OUT
Monday May 14, 2012
Join us on the terrace of Silicon Valley Bank, opposite the Bank of England and the old London Stock Exchange building (called the Royal Exchange) for cocktails. Take in the fantastic view, meet your peers and old friends and celebrate best practice in the industry as we present the Global Corporate Venturing Awards before heading over to the Royal Exchange for a gala dinner to celebrate the corporate venturing industry’s achievements over the past year.
Location: Silicon Valley Bank, 7th Floor, 41 Lothbury, EC2R 7HF
18.00 – 19.45 – Cocktails and presentation of awards for best practice in corporate venturing
20.00 – 23.00 – Dinner at Sauterelle, The Royal Exchange, London EC3V 3LR
After-dinner – exclusive entrance to the private members’ club, Eight Bar, opposite the Royal Exchange. (Guests to the Gala Dinner and Symposium can use the club facilities during the day of the 14th with a special pass – please email jmawson@globalcorporateventuring.com for the unique offer.)
Global Corporate Venturing’s 2nd Annual Symposium
"Added Value Corporate Venturing"
Tuesday May 15, 2012
Location: CBI, Centre Point, 103 New Oxford Street, London, WC1A 1DU. Map here.
Join 150 of the key influencers and decision-makers in corporate venturing at the showpiece event of the year. For full speaker biographies see related content below.
07.45 Registration, coffee/networking
08.15 Welcome: James Mawson, Editor, Global Corporate Venturing
08.20 The Rt Hon David Willetts MP, Minister for Universities and Science
08.30 Keynote: Justin Adams, Founder and Former Head of BP Ventures
09.00 Panel: Why firms are raising so many funds, and so many are outside of the US? Moderator: Stephen Ziff, Partner, Coller Capital
Panelists: Shellie Davis, Director of Mergers & Acquisitions at The Coca-Cola Company
Fabienne Herlaut, Managing Partner, Ecomobilite Ventures
Dominique Megret, Head, Swisscom Ventures
Martin Grieve, Managing Director, Unilever Corporate Ventures
09.45 Panel: How can firms deal with a globally-distributed, cross-sectoral innovation landscape? Moderator: Andrew Gaule, Founder, Corven Networks
Panelists: Nagraj Kashyap, Vice President of Ventures, Qualcomm Ventures
Michael Boshammer, Portfolio Manager at T-Venture
Chris Haase, Principal Business Adviser to CTO and EVP of Innovation R&D, Royal/Dutch Shell
Mark Felix, Investment Manager, Dow Venture Capital
An examination of what has happened to deal flow as corporate venturing units play a more significant part of the investment in entrepreneurial companies as these nascent businesses innovate round the world instead of being concentrated in pockets, such as Silicon Valley. Innovation is becoming increasingly global but also many of the most significant trends will come from cross-sector connections, such as IT hardware being built on organisms or biofuels from algae.
10.30 – 11.30 break. Coffee/networking
11.30 Panel: Venture connectivity. Moderator: Erik Sebusch, Partner, CMEA
How corporate venturing can work with other venture partners, from foundations to VCs and universities and angel investors
Panelists: Tony Stanco, Executive Director, National Council of Entrepreneurial Tech Transfer (NCET2.org)
Matthew Mead, Head, NESTA Investments
Peter Cowley, Investment Director of Martlet
Cédriane de Boucaud, Partner, Disruptive Capital
12.15 – 12.30 Keynote: Academic insights: Gary Dushnitsky, Associate Professor of Strategic and International Management & Entrepreneurship, London Business School
12.30 – 13.00 Panel: Macro trends: Moderator: Erik Vermeulen, Senior Counsel Corporate, Philips, and Professor of Business and Financial Law, Tilburg University Law School
How governments are helping the venture ecosystem and what they should be doing to improve things further.
Panelists: Masato Hisatake, Senior Official, Japan’s Ministry of Economy, Trade and Industry (METI)
Adam Lent, Director of Programme, UK’s Royal Society for the Encouragement of Arts, Manufactures and Commerce
Matthias Ummenhofer, Head of Venture Capital, European Investment Fund (EIF)
13.00 – 14.30 lunch with guest talk and forum on Intellectual Property by Mark Radcliffe and Edward Griffiths, Partners, DLA Piper
14.30 Keynote: David Lawson, Open Innovation Manager, Procter & Gamble
The view from the top: If corporations are the one group (aside from some sovereigns) with cash-rich balance sheets, how do they use it to improve the assets of an economy using Open Innovation – as discussed by one of the industry pioneers from P&G’s Connect + Develop?
15.00 Panel: War stories: CEOs and corporate venturers discuss their deals, presented by Gerald Brady, Managing Director of Silicon Valley Bank (SVB)
IBM Venture Capital‘s Martin Kelly talks with SmartCamp winner Profitero’s Chief Executive, Volodymyr Pigrukh
Synchrony Venture Management’s Managing Director, Adam Caper, talks with Gerald Brady about his Innovation Capital method for measuring strategic value
Crispin Leick, Managing Director, Innogy Venture Capital, and Jules Kortenhorst, Chief Executive, Topell Energy
15.45 – 16.15 Break
16.15pm Panel: The next generation of corporate venturing leaders
Moderator: Neil Foster, Partner, Baker Botts
Panelists: Davorin Kuchan, Director of Corporate Venturing and Innovation, Texas Instruments
Bernhard Mohr, Managing Director, Evonik Corporate Venturing
Mike Brown, Founder and Parner, AOL Ventures
Geoff Duyk, Co-Head, TPG Biotech and Alternative Renewable Technologies
How or whether (public and private equity) shareholders are increasingly starting to value longer-term value creation and encouraging the creation of corporate venturing units as a key tool in this process.
17.00 Keynote Discussion: Tom Thornton, Head of Innovation Alliances, Cleveland Clinic, and William Taranto, Managing Director, Merck & Co.’s Global Health Innovation Fund
17.30 Keynote: Jon Moulton, Founder and Chairman, Better Capital
Global Corporate Venturing Awards
Categories and Shortlist:
Firm of the Year:
Ten corporate venturing units that are regarded as most influential in their sector, as rated by Global Corporate Venturing, are to be judged by its advisory board for an overall firm of the year.
The 10 shortlisted are:
Deutsche Telekom’s T-Venture – Utilities – leading more deals, going earlier stage
General Motors Venture – Transport & Logistics – kick-started venturing in its sector and highly-regarded programme widely followed by peers
Intel Capital – IT – $10bn invested in 20 years by a 200-strong team with unprecedented introductions between portfolio companies and Fortune 1000 companies – two new funds AppUp/UltraBook, global active.
Salesforce – Services – explosive development through venturing to broaden its service, complemented by CEO’s personal deals
Naspers‘ MIH – Media – Unparalleled emerging markets network and biggest success of any venturing unit
General Electric’s GE Capital, Equity – Industrial – highly regarded Ecomagination and Healthymagination programmes supported by internal buy-in from its legendary cadre of managers
Novartis Ventures – Healthcare – strong exits, including from its Option fund, and continued dealmaking
Citi Ventures- Financial Services – widely imitated venturing unit among financial services peers and a top tier of dealmakers and innovation experts.
Chevron Technology Ventures – Energy/Raw Materials & Clean-Tech – Chevron’s ability to find entrepreneurs to help its parent is perhaps without equal.
Unilever Corporate Ventures- Consumer – creating a new-unique Federation model across the innovation piece from spin-outs and incubation to early-stage and buyouts around the world.
Personality of the Year: Someone who has helped the industry most by their leadership over the past year.
Steve Socolof – New Venture Partners, for his work with the NVCA’s corporate venturing group
Martin Kelly – IBM, for advising Innovation Fund – Ireland and creating Smartcamp
Martin Haemmig – Cetim, for his work on emerging markets corporate venturing
Arvind Sodhani – Intel Capital, for value-added investing and showing the power and possibilities of cross-sectoral/regional investing and linking portfolio companies to Fortune 1000 companies as customers and suppliers.
Toshihisa Adachi – Itochu, for helping Japan rebuild its entrepreneurial ecosystem using corporate venturing as president of the JVCA, ahead of moves by US and UK trade bodies to put corporate venturing personnel on their main boards.
Mikhail Chuckevich – Bright Capital, for encouraging Russia’s nascent corporate venturing market and international possibilities in the US
Chris Coburn – Cleveland Clinic, planned fundraising and creation of innovation alliances with peers in the US.
Industry Legend: A lifetime achievement award to Roy Davis, ex-head Johnson & Johnson Development Corp.
Fundraising/Launch of the Year: The biggest or most sophisticated launch or fundraisng.
Chesapeake – $1bn in energy/clean-tech
ZTE Innovative Fund – China fund
BMW iVentures – crossing vehicles and electronics
Evonik – €100m in industrials
ST New Ventures – information technology unit set up to highest standards
Exit of the Year: The best sale from a corporate venturing portfolio.
Verastem – controversial first day pop after IPO and money for early-stage cancer research
C3 Technologies – Saab Ventures’ sale of 3D mapping technology to Apple for 9x return
Amobee – sale of mobile advertiser to SingTel, even though a rival bidder had been a corporate venturing backer in Telefonica and Vodafone
LinkedIn – Business network reinvigorated the US markets for IPOs and first day pops for big CVC wins
Rahu – Unilever sells industrials spin out to OM Group shows cross-sector application of in-house research
Fundamo – South African financial services technology exits to Visa to show the global dispersion of next generation ideas
Investment of the Year: The investment that has garnered most praise or positive attention.
Living Social – Amazon’s riposte to Groupon with a $176m round as part of the year of social media
Martini Media – Reed Elsevier drinks to advertising innovation
Verastem – $20m C round two months before quick IPO belying the difficulties of early-stage healthcare to get funding from public and private sources
55tuan – $200m round for China-based consumer retailer showing the potential and size of opportunity
Valeritas – $150m round proving to exit markets the company had life, with sale shortly thereafter
BrightSource Energy – $200m round as Chevron’s innovative use of solar power producer to heat stream to improve oil yields, cross-sectoral innovation
GreatPoint Energy – $420m round led by a China firm as part of a larger partnership indicating transfer of IP from US to China.
Methodology:
Awards decided using data and supporting material by the Global Corporate Venturing editorial board in late March/early April.
Prices and How to Register
Tech Scout Challenge: £95
Cocktails and Gala Dinner: £395 SOLD OUT
Corporate Venturing Symposium £750
20% discount for Global Corporate Venturing Subscribers – contact Tim Lafferty for the code (tlafferty@globalcorporateventuring.com). Places are limited and sold on a first come, first served basis.
Click here to register and pay. For more information or to sponsor this event, contact Tim Lafferty on +44 1483 720295.
Cancellation policy: 30 days + before event – full refund
7 – 30 days before event – 50% refund
less than 7 days before event or ‘no show’ – no refund
Hotel Accommodation
Delegates at these events can benefit from an 8% discount of the Best Available Room Rates at the Bloomsbury Hotel on the nights of May 13/14/15. Just use code Global Corporate Venturing if you call or email Tel: +44 (0) 207 347 1000, Email: bloomsbury@doylecollection.com
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