Global Corporate Venturing Awards & Best Practices Shortlist 2011
Welcome to the inaugural Global Corporate Venturing Awards & Best Practices shortlist for 2011. The industry's achievements over the past year will be celebrated at a gala Banquet on May 18 in London at the Emirates Stadium.
The Banquet will follow an afternoon's Symposium presented by many of the industry's thought leaders. For details on attending or sponsoring the event please contactJames Mawson or Tim Lafferty (tlafferty@globalcorporateventuring.com).
For the agenda and registration details please click here.
Categories:
Best Performer: Special award for the top-performing sector based on London Business School's 20-year research into corporate venturing and venture capital performance.
Perfect Partner:
Ten
corporate venturing units that are regarded as most influential in their
sector, as rated by Global Corporate Venturing, are to be judged by independent
venture capital firms selected by the US and European trade bodies - please
email jmawson@globalcorporateventuring.com
with your selection.
The 10 shortlisted are:
T-Venture - Utilities
General Motors Venture - Transport & Logistics
Intel Capital - IT
WPP - Services
Steamboat Ventures - Media
General Electric - Industrial
Novartis - Healthcare
Citi - Financial Services
Chevron - Energy/Raw Materials & Clean-Tech
Unilever - Consumer
The winner will be announced in May in association with the Global Corporate Venturing Symposium and Best Practices Banquet on May 18 in London.
Personality of the Year: Someone who has helped the industry most by their leadership.
Damien Callaghan - Intel Capital, for chairing Innovation Fund - Ireland
Phil Giesler - Physic Ventures, for his work with the NVCA's corporate venturing group
Martin Kelly - IBM, for advising Innovation Fund - Ireland
Dan'l Lewin - Microsoft, for the past year and a decade working to bring corporations into the entrepreneurial ecosystem
Brad McManus - Panasonic, on behalf of the Strategic Venture Association
Will Rosenzweig - Physic Ventures, winner of the Business for Peace prize
Arvind Sodhani - Intel Capital, for leadership in Start-Up America and value-added investing
Fumiko Uraki - BASF, for her work with Japan's Corporate Venture Capital Forum
Fundraising/Launch of the Year (June 2010 to May 2011): The biggest or most sophisticated launch or fundraising.
Tencent - $760m Industrial Collaboration Fund started in January
Korea Telecom - $830m fund launched in July
General Motors - $100m fund launched in June
GE Ecomagination - $200m fund and competition set up in July
Singapore Telecom - $150m fund launched in September
One97 - $100m fund launched in July
Energy Technology Ventures - $300m fund from GE, NRG Energy, ConocoPhilips launched in January
Industry Best Practices: A case in each of the 10 sectors will be chosen by a panel of experts for impact financially and/or strategically on their sponsor highlighted by a catalytic event in the preceding year.
Health:
Novartis Venture - Option fund starts to deliver on its ground-breaking model
GSK - set up first regional fund in the UK and academic partnerships
Wellcome Trust - develops direct investment model
Novo - develops full suite of corporate venturing
Lilly Ventures - launches innovative Mirror Funds range
IT:
Intel Capital - helping global value-added venturing ecosystem, such as Start-up America, Innovation Fund- Ireland, Skolkovo; great returns and evolving model to take board seats and work with serial entrepreneurs
Google Ventures - Impressive model, structure and delivery with 15 deals in the past year and a 60% increase in team just for the US.
Motorola - successful split into Solutions and Mobility in January
Cisco - full suite of venturing products and powerful commitment to Russia's Skolkovo and India
Legend Capital - Perhaps more China-based deals and exits and leadership in a country notorious for team instability.
Research In Motion - Cornerstone behind the Blackberry Partners fund and its evolution to a global operation with a commitment to its second fund.
SAP Ventures - evolution to a $350m fund and collaboration with family offices
Philips - incubation and innovative cornerstone strategy for new funds, such as from Gilde
Clean-tech/energy:
Chevron Technology Ventures - early and long-term backing for Solazyme through its travails to expected flotation.
BP Alternative Energy - for early and consistent backing of Synthetic Genomics and move into renewable fuels
Total Energy Ventures - for validation of its venturing unit with the flotation of Gevo in February
Shell - for its success with Gamechanger and evolution of its venturing strategy
Utilities:
Deutsche Telekom's T-Venture - move to earlier stage and leading rounds
Korea Telecom's KT Ventures - launch of large fund
Swisscom - first exit of Firecomms helps validate model
E.On - Nuon subsidiary launches Yellow&Blue
Media:
Naspers' MIH - reaped rewards from Mail.ru and Tencent investments and its emerging markets focus
IDG Ventures - delivered stellar exits in Asia
Disney's Steamboat - sold Playdom to parent after recognising power of the sector
Comcast Interactive Capital - merged with Peacock Fund, launched minority fund
Reed Elsevier - a decade of success working with top-tier VCs
Tencent - launch of fund after receiving MIH backing
Consumer
Nestle's Inventages - allowed creation of medical sciences unit at cornerstone investor through ventureing unit's portfolio companies
Unilever Corporate Ventures - developed sophisticated emerging markets strategy and success with Physic, Langholm.
Nike - for the textbook launch of its ventures unit under John Hull
Best Buy Capital - strategic significance of venturing recognised
Industrial
GE - launch of Energy Technology Ventures, Ecomagination and Healthymagination's first deal
Dow Venture - successful evolution to more strategic goals
ABB - launch and powerful commitment to its first deals
BASF Venture Capital - interesting Aspen Aerogels deals
Sumitomo - interesting stake purchase in Molycorp
Siemens Ventures - continued delivery of sophisticated model
Services
WPP - Buddy Media deal signifies pace of investment and strategic importance attached to venturing
One97 - launch of fund and first international deal
Lend Lease - delivery on clean-tech portfolio
Yet2 - launch of fund and secondaries fund
Financial
Citigroup Growth Ventures and Innovation - move of Deborah Harrison to California and shake up of global team with strong hires
Hartford Financial - sophisticated marriage of venturing and incubation
Burrill - large healthcare deals
Goldman Sachs - backed Facebook and commitment to other ventures
Transport
General Motors Ventures - launch of fund and first deals
Waste management - clean-tech deals represents the company's future
Air France-KLM - powerful venturing and incubation model
Honda - innovative transnational venture operation
