December 16, 2011 — STMicroelectronics (NYSE:STM), a global semiconductor company, launched ST New Ventures, its corporate venture capital fund currently under incorporation.
ST’s venture fund will invest in technology, product and service start-up companies, preferably at early stage, to understand in advance emerging markets for which semiconductors are key. Healthcare, cleantech and smart infrastructure are among the main areas of focus.
In addition to financial investment, ST New Ventures will bring to its portfolio companies a knowledge of semiconductor technology, products & applications, manufacturing, and markets worldwide.
The fund will co-invest with financial and corporate venture capitalists and has been designed accordingly.
ST New Ventures will be an ST fully owned subsidiary headquartered in Geneva, Switzerland, led by Lo