Energy

Its technology sector is the bedrock but the innovation boost the country needs is beginning to happen.

A snapshot of the corporate-backed venturing activity in Asia-Pacific show it is the second most active region in terms of corporate-backed venture deals and exit count.

The power producer has hired Álvaro Reguera Ferrer and Elena de Benavides Jimenez, the former having been in an investment role at Repsol.

Fortum has selected startup investments and acquisitions manager Mikko Huumo as its new head of external venturing.

Suncor contributed to the second close of cleantech-focused venture firm ArcTern's second fund, which is now working towards an expanded target.

Elemental Energy was among the participants as the energy storage system developer raised a combination of equity, debt and project development financing.

Summary of corporate-backed funding initiatives 2011-19

Monthly analysis: July-August 2019

Three corporate venturing windfalls have resulted in three different strategies to maximise shareholder value over the long-term.

With innovation in technology fast outpacing traditional business processes, corporations are increasingly turning to investments as a way of adapting to change and staying ahead of the competition.

New York has one of the most vital tech ecosystems in the world, with Silicon Alley in Manhattan said to be the east coast’s answer to Silicon Valley.