The construction materials producer appointed Mitch Black as an entrepreneur in residence for its CVC and accelerator units.

Mitch Black

US construction materials and chemistry group The Heritage Group’s New Ventures subsidiary has hired Mitch Black as its first entrepreneur in residence.

New Ventures runs HG Ventures, The Heritage Group’s corporate venture capital arm launched in 2018. The unit generally provides up to $20m per portfolio company and focuses on materials, infrastructure, environment and industrial technology developers from early to growth stages in the US and elsewhere.

In addition to HG Ventures, Black will work with The Heritage Group Accelerator and eventually on an internal incubation scheme.

For the past three years, Black has worked for corporate driver risk mitigation company Motus, most recently as executive vice president and general manager of device. With the new appointment, he has transitioned back to an adviser position.

“My professional objective at this stage of my career is to move from an operating role into an advisory role, where I can leverage my career to coach and advise startup founders, CEOs and investors,” Black said in a LinkedIn post.

“I’m looking forward to adding Mitch to [the team] – as a rockstar software entrepreneur with deep midwest roots I know he’ll bring a unique and valuable lens to every conversation,” added Ginger Rothrock, a senior director at HG Ventures, who was a GCV Emerging Leader this year.

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.