Alain Hanover, former managing director and head of Draper's Navigator Technology Ventures, said: "I closed down Navigator."

The Charles Stark Draper Laboratory has closed its corporate venturing unit three years after it stopped making new investments.

Alain Hanover, former managing director and head of Draper’s Navigator Technology Ventures, said: "I closed down Navigator."

He added: "After running Draper Lab’s investment portfolio for eight years, I’d like to connect with any commercial funds that want to expand into New England, especially with the base of research here in the Boston area."

Draper was unavailable to comment but on…