The company has done 18 investments, which are strategic for 3M at mostly early stage, investing approximately $3m to $5m as lead or co-investor.

Sherwood Dodge has been looking after corporate development and equity investment for the past three years.

How to structure a corporate venturing group to meet the different requirements for investing over 30 to 50 years as well as three to 10 years.

It emerges that Nagraj Kashyap rises to senior vice president, from his vice president role, at the same time as Kashyap is named the thirteenth most powerful person in corporate venturing in our inaugural Powerlist 100 out today.

Blausteinwas director of the University Intellectual Property Programme at DuPont from 2004 to 2008. He previously worked at DuPont in research and development portfolio management from 2000 to 2004 and as a business director for non-wovens in Europe from 1997 to 1999.