Socolof says: "I am honored to represent this growing constituency within our industry as the landscape continues to evolve."

Stephen Socolof, managing partner of New Venture Partners, a venture firm specialising in corporate spin-outs, has been named chair of the Corporate Venture Group Advisory Board of trade body the National Venture Capital Association (NVCA).

NVCA president Mark Heesen said: "As market dynamics have compelled larger companies to embrace ‘open innovation’ to drive growth, corporate venture arms are making a significant positive impact by investing in entrepreneurial startups that offer a strategic benefit to the overall organization. With 38 percent…