Industrial

Asahi Glass Company, Asahi Kasei Innovation Partners, Bekaert, 9th Street Investments (a CoorsTek affiliate), JSR, Mitsubishi Chemical, Murata Manufacturing Company, Nitto Denko and Sabic Ventures commit to $50m first close.

General Electric and XD Electric have formed a partnership to deliver electric transmission and distribution.

The wireless communications company had been reportedly backed in a $15.5m round by defence companies Lockheed Martin and Northrop Grumman in 2009.

Energy Technology Ventures and Chevron Technology Ventures are joined in the round by Jebsen Asset Management, which invests on behalf of the Kristian Gerhard Jebsen shipping company, and venture firms Energy Ventures, Viking Venture, and Investinor.

The corporate venturing groups were certainly impressed by the watchman in this case, as they voted Hijazi's company the "most investable" among the 15 finallists at the competition, held in partnership with American Security Challgenge.

Corporates plan for electric car future.

This year, in all bar one of the awards, Global Corporate Venturing selected a shortlist and the winner was selected by the magazine's advisory board at the end of March. Editor James Mawson chose the lifetime achievement award.

The lighting company working out of the Portland State University Business Accelerator is on course to raise $3m.

The lighting company, which uses technology spun-off from failed Intel Capital-backed solar company SpectraWatt, raises $3m.

The China Aerospace Science and Technology Corporation reportedly forms a RMB1bn ($158m) fund.

This article, the second of two, contains ideas for successful corporate venturing drawn from my experience in operations in corporate companies, start-ups providing products and services to corpo-rates and corporate venture capital investing with an oil major. This article deals with obstacles and failure signals.