There are challenges ahead but this is now the time to deliver on the promises made.

Welcome to the first issue of 2011. And what an interesting year it promises to be, with the inaugural Global Corporate Venturing seminar and awards ceremony in mid-May to gauge the sentiment and talking points as well as celebrate the industry’s achievements.

That the industry has so much to celebrate will come as a surprise to at least a few people whose attention has been focused on the travails of the independent venture capital (VC) industry in the US and…