Pieter Wolters joined DSM Venturing as its head last year, replacing Marcel Lubben, after a career as an entrepreneur.

Wolters said: “I have been a start-up executive for the past 15 years. I have spent the last eight of that in the US. Right now it is business as usual at DSM after 10 years. In this time €100m ($125m) has been invested, with a lot of value creation and collaboration. Currently we have more than 20 active portfolio companies. It has made money, although its main purpose is to create strategic value.”