Boehringer Ingelheim, a Germany-based drugs company, is preparing to start an early-stage corporate venturing fund.

At the NCET2 Global 1000 conference last month, Martin Heidecker (pictured), director of the Boehringer Ingelheim Venture Fund, said he was in mid-October relocating from Germany to Boston, US, to help “access early-stage deals from universities” as part of a separate fund.

In June, Boehringer Ingelheim made its first exit from its €100m venture fund when UK-listed peer GlaxoSmithKline agreed to buy Okairòs, a Switzerland-based drug…

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