GE Ventures and Allied Minds have established a strategic alliance to commercialise technologies from both partners' pipelines.

GE Ventures, the corporate venturing arm of conglomerate General Electric, has joined forces with commercialisation firm Allied Minds to identify and bring to market technologies from their respective pipelines.

Allied Minds has a total of 160 American universities and US federal research laboratories in its network. The firm has more than $550m under management.

The two partners will co-invest in new and existing technologies. Allied Minds will have an exclusive right of first refusal to license technologies selected by GE,…