While French companies have been too late in venture they are realising there are new ways to explore corporate venturing: multi-corporate sponsors of independently-managed venture capital funds.
“Sacre bleu! As you know no one invests in start-ups in France but we believe innovation can happen everywhere and is not limited to the US and Silicon Valley.”
This quote by Arvind Sodhani, president of Intel Capital, during his keynote speech at the chip maker’s Global Summit this month came as explanation of why the corporate venturing unit was investing in new countries, such as Ghana and Spain, as well as backing two entrepreneurs in France.
It could be…
