GlobalCorporateVenturing

2 days ago | globalventuring.com | Stephen Hurford

This is one of 10 AI products being created by International Airline Group's in-house AI development team and the first glimpse into the company's revitalised innovation strategy. Photo credit: Gagliardi PhotographyInternational Airlines Group (IAG), the owner of British Airways, announced a new AI-powered tool for optimising engine maintenance which it has built in-house as part of a recently-revamped innovation strategy.

5 days ago | globalventuring.com | Stephen Hurford

The company's venture building unit will focus on edtech and the future of work. The ZNEXT team, with CEO Elena Lavezzi (centre)Italian publishing house Zanichelli Editore has launched a build-and-acquire unit with a €60m ($69m) fund for venture building and M&A. ZNEXT’s venture building business will co-found companies alongside entrepreneurs from both outside and within Zanichelli, providing an initial €150k ($172k) injection.

1 week ago | globalventuring.com | Stephen Hurford

The bank has created a new fintech and AI venture unit, Itaú Ventures, following the acquisition of an investment firm. Itaú Unibanco, a Brazilian bank, has announced a new corporate venture capital unit with a R$500m ($91m) fund, of which R$250m ($45m) is earmarked for new investments. The CVC unit, Itaú Ventures, is a product of the bank’s acquisition of Kinea Ventures, an investment company. It will work closely with the core business units to target areas of innovation relevant to the bank.

1 week ago | globalventuring.com | Oishani Mitra

Saxena will be responsible for investments in AI, advanced computing and connectivity. Ankur Saxena has joined TDK Ventures, the investment arm of multinational electronics company TDK, as investment director. He will focus on investments in AI, advanced computing and connectivity. TDK Ventures invests globally in early-stage tech startups focused on creating a new era of sustainability and social value.

1 week ago | globalventuring.com | Stephen Hurford

Speaking at the GCV Symposium in London, Poppy Gustaffson said the government will make the UK a more attractive place for investors. The UK’s investment minister promised support for corporate investors looking to back British startups, and said that reforms to planning law and the government’s upcoming industrial strategy will “bring growth back into the country”.