My year chairing the corporate venture group of US trade body the National Venture Capital Association (NVCA) has come to an end, and I am handing the baton to Elaine Jones, venture capital executive director of Pfizer Venture Invest- ments, the venturing unit of the pharmaceutical company.

While Global Corporate Venturing now reports the existence of 900 corporate venture funds, two-thirds of them in the US, I want to note and thank those who…

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