Erkki Aaltonen has left StartAD to oversee YaraGerminate, a corporate venturing fund formed by Yara International.

Erkki Aaltonen has been hired as director of venture investments for Norway-based chemical and agircultural product supplier Yara International earlier this month.

Aaltonen said: “I will set up and run a new fund for Yara. YaraGerminate is the name of the unit. We will also set up incubation/acceleration programs in various locations globally, (and the) first one will be in Sao Paolo, Brazil.”

Aaltonen had spent two years as executive director of StartAD, New York University Abu Dhabi’s seed investment fund…