Preparing for a new thrust into emerging markets and moving to an evergreen funding structure.

Anglo-Dutch-listed Unilever, a company that sells 160 million consumer products every day, is preparing the biggest change to its corporate venturing unit since it was set up a decade earlier by expanding into emerging markets.

Unilever Corporate Ventures already runs one of the most sophisticated venturing models by funding groups that invest in areas of strategic importance from the venture to leveraged buyout stages.

Now board approval has been given for the establishment of a corporate venturing unit in…

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