The commercialisation firm, which launched operations down under earlier this year, has appointed several members to its senior executive team.

In 2015, AARP and bank JP Morgan set up the AARP Innovation Fund to target startups developing technologies and services for customers aged 50 and above.

Lam, a GCV Powerlist 2016 winner, founded the Time Warner Investments group in 2003 and invested more than $325m in 54 companies before leaving earlier this year.

The internet and telecoms conglomerate has added a range of executives to its global team managing the $97.7bn Vision Fund.

Christina Heggie and Ajay Sharma have been promoted to investment principal roles at JetBlue Technology Ventures.