Industrial

The investment vehicle set up by General Electric, NRG Energy and ConocoPhillips earlier this year seals another deal.

Unilever spin-out Iota NanoSolutions has raised money from the Anglo-Dutch multinational and the Qatar Islamic Bank's UK unit.

General Electric backs 10 companies and awards five with $100,000 each.

A board of directors meeting sees the East Asian steel company make a move into clean energy.

Advanced audio technology is music to the Scandinavian fund's ears.

Blink's technology is based on research carried out by the founding scientists Facundo Batista, at Cancer Research UK's London Research Institute in collaboration with Vincenzo Cerundolo at the University of Oxford.

3M New Ventures picked up the award selected by the German Federal Ministry of Economics and Technology, strategy consulting firm AT Kearney and Wirtschaftswoche magazine.

Through its Samho Green Investment Venture Capital (SGI) unit, Samho has joined with the Korean Ministry of Knowledge Economy's Korea Institute for the Advancement of Technology (KIAT), the Singapore Economic Development Board (EDB), the St Petersburg government and a Russian state investment vehicle (Rusnano), and intellectual property manager 360ip in starting the Asia Nanotechnology Fund.

Germany-based industrial conglomerate Siemens had previously backed SVOX from its Siemens Mobile Acceleration corporate venturing fund in October 2002 before then selling its Professional Speech Processing Group to the portfolio company in January 2009 and now reaping an exit.