STMicroelectronics has announced the launch of a corporate venture capital fund called ST New Ventures.
ST intends the fund to invest in technology, product and service start-up companies, preferably at early stage, to understand in advance emerging markets for which semiconductor is key.
Sectors of interest are: healthcare, cleantech, and smart infrastructure.
“ST has always been pursuing aggressively emerging trends which have eventually led to major new market inroads for the company. ST New Ventures is a formidable tool to bring a different angle to ST’s perspectives,” said Loïc Liétar, managing director, ST New Ventures.
The fund will co-invest with financial and corporate venture capitalists and has been designed accordingly.
www.stnewventures.com