Agilent To Give Boost To Startups
Money is nice, but it's the least of what Agilent Technologiessays it will offer to companies backed by its new investment
unit. The electronics testing and manufacturing company has set
up Agilent Ventures to invest in early-stage optical, wireless
communications, and life-sciences startups.
Agilent Ventures will shell out up to $100 million annually, with
entrepreneurs getting anywhere from $2 million to $10 million
each.
Maximilian Schroeck, the unit's managing director, says the money
is just the icing on the cake. In addition to providing access to
all of Agilent's technological resources and building
joint-development partnerships with the startups, Schroeck says
he plans to tap Agilent's own arsenal of venture-capital contacts
to help get financial support for the companies down the line. Of
course, the investments also give Agilent access to innovations
early in the game.
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