Nestle fund opens for business

Inventages Ventures Capital has been appointed to manage the food conglomerate’s E150m VC fund.

Nestle has announced that Life Ventures by Nestle, the E150m venture capital fund unveiled by the company in autumn 2001, is now fully operational.

The Swiss-based fund will have capital of up to E150m and will be managed by Inventages Ventures Capital GmbH, an independent German adviser run by Gunnar Weikert.

The objective of the fund is to provide Nestle with better access to new science, technology and know-how opportunities, through acquisitions, minority stakes, licensing and joint-ventures.

The fund will be invested worldwide, focussing on life sciences as well as commercial applications, such as consumer relation management, food processes and packaging technologies. 

In 2001, Nestlé said that it expected the fund to produce a return in line with corporate venture funds over a 10-year horizon.