In this so-called era of smart, companies, coun-tries and individuals will be judged by how they apply knowledge to create value.

For US-listed IBM, which coined the term era of smart, its own value will be created from amplifying innovation and creating technology and a platform for others to help increase the abilities of individuals and institutions.

The ideas have already helped turn IBM over the past 100 years from a maker of meat slicing equipment to an information technology group with $106.9bn in turn over last year and 433,000 employees round the world, according to Claudia Fan Munce, managing director of IBM’s venture capital group and vice-president of its corporate strategy, who contributed to Global Corporate Venturing’s webinar series.

Fan Munce, who last month was picked to join US trade body the National Venture Capital Asso-ciation’s main board as its first corporate member, was talking as part of a…

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