Creation of venturing group by Germany-based industrial company.
The formation of Germany-based industrials group Evonik’s €100m ($130m) corporate venturing unit is a stellar example of best practice and a nice start to the Chinese year of the Black Water Dragon.
Though the fund size is not especially big it fits within the average range for a successful venture fund, according to academic research, of about $50m to $250m (nicely summarised on the latest BIJ blog post).
The fund’s remit is to effectively invest globally and combine direct and…
