Niterra Group has promoted Daniel Hinz to managing director for its corporate venturing subsidiary, Global Venture Lab.
Daniel Hinz has become the managing director of the venture building and investment arm of Niterra Group, the Japanese diversified manufacturer formerly known as NGK Spark Plug.
Berlin-based Hinz was previously general manager and head of Venture Lab in Europe, the Middle East and Africa.
Formed in early 2021, The Global Venture Lab has a $100m fund that invests in a range of sectors, including mobility, food, wound care and women’s health.
Its parent, Niterra Group, is a diversified conglomerate that manufactures a range of products including spark plugs, medical products, fine ceramics and semiconductors.