Corporate Venturing in Technology, Products and Services

 

Team

Sandra Riesen

Administration Manager
Sandra Riesen, Administration Manager of STnewVentures, brings her international experience in small business management and private banking back office.
Sandra joined the strategic office of ST in 2010. Previously she worked for 16 years in the US in import business of a german automotive manufacturing equipment maker and then as co-owner of a restaurant. More recently, back in Switzerland, she was managing the back office of a private investment boutique.
She graduated from “Ecole Hôtelière de Lausanne”, Switzerland.

Guy Lauvergeon

Managing Partner
Guy Lauvergeon, Founder and Managing Partner of STnewVentures, brings on top of more than 25 year experience of STMicroelectronics in operations and staff, a specific sense to match technology and product with anticipation of markets in a serial intrapreneurship track record.
In the mid 80’s, as its General Manager, Guy turned around Thomson Microsystem the ailing system board business of Thomson semiconductor. Subsequently, Guy originated as Division General Manager, two majors innovation breakthroughs . In 1993 , the launch of the first worldwide digital TV processor (MPEG2), enabled Hugues/DirecTV in the US, the first digital TV satellite broadcast ever and established ST’s leadership in digital consumer. Then in the early 2000’s, he was the founder of the Application Processor activity of ST, winning the Microprocessor Report Award in 2003, and which has been the cornerstone of the wireless roadmap of ST and ST Ericsson
More recently, in the Corporate Strategic Office, Guy has led the acquisition of Genesis, a US digital TV public company and has been deeply involved in ST’s R&D Strategy.
Guy has received an MBA with honors from Indiana University and a MS in Electronics from Institut National Polytechnique de Grenoble.

Loic Lietar

Managing Director
Loic Lietar, Founder and Managing Director of STnewVentures, has a passion for how technology disrupts established value chains to create new markets.
Loic was previously in charge of strategy for ST. He contributed to the creation of ST-Ericsson and Numonyx and to the establishment of the technology partnership with IBM. He has also been the General Manager of ST’s Cellular Terminals Division and later the Application Processor Division. In April 2010, Loic was elected President of Minalogic, the micro/nanotechnology and embedded software cluster in Grenoble, France.
Loïc graduated from École Polytechnique, France. He holds an MS from Orsay University, Paris and an MBA from Columbia University, New York.

Portfolio

STnewVentures made 2 undisclosed investments.

FAQs

Why was ST New Ventures established?What do you bring other than money?On which application do you focus?Do you have a geographic focus?Does a portfolio company need to have a business relationship with ST?Do you have acquisition in mind when you invest?Are you only interested in semiconductor technology companies?
Why was ST New Ventures established?
We believe that semiconductors are on a new long lasting pervasion wave in which More than Moore (but not only) plays a key role. Personalized healthcare to mention only one example, will be mostly enabled by it. Investing in start-ups that have ambition to build or disrupt those markets is the best way to understand early what will happen. But we invest equally to make a financial return.
What do you bring other than money?
We, directly and with ST, bring a deep understanding of the semiconductor industry, from technology to products, manufacturing and markets, worldwide. In addition, we bring our own experience of building new businesses enabled by technology. We see our contribution as very complementary to pure VCs.
On which application do you focus?
Semiconductors pervade so many areas that we can't limit ourselves to any particular applications. What really matters to us is the new use of them. History has always surprised us. This being said, we believe that healthcare, cleantech and smart infrastructure, will benefit enormously from semiconductors. In addition, to give only a couple of examples, security and image analytics are areas where we think a lot will be created. But we welcome proposal from any area, provided that semiconductors play a key role somehow for your company.
Do you have a geographic focus?
Innovative technologies are increasingly developed and meet markets all over the world. As such we don't have a specific geographic focus. We can afford to do that because we focus on the strategic value we bring, relying on pure VCs for working closely with management on operational matters. Of course we have to make choices and connect more with a dozens of ecosystems where we think start-ups we'd be interested in are more likely to emerge, but we welcome proposals from anywhere.
Does a portfolio company need to have a business relationship with ST?
No. We make arm's length investments. But we are of course committed to help the development of any exchange and relationship with ST, still at arm’s length, when and where it makes sense to both sides.
Do you have acquisition in mind when you invest?
No, we really invest to understand how markets develop in relationship with silicon and semiconductor and for a financial return. And we believe that for corporate VCs to work well with companies and pure VCs, they must not have acquisition in mind.
Are you only interested in semiconductor technology companies?
We are really interested in understanding where and how semiconductors will be used in a big way next. Technology companies can be good indicators, but so are also products or even service companies, as often in emerging industries where everything has to be built.

Press

STMicroelectronics Launches Corporate Venture Capital Fund

“ST New Ventures” will invest in technology, product and service start-up companies serving emerging markets where semiconductor is key.
 

Geneva, December  15, 2011 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the launch of “ST New Ventures”, its corporate venture capital fund currently under incorporation.

The acceleration of the pervasion of semiconductor has led ST to create a venture fund which  will invest in technology, product and service start-up companies, preferably at early stage, to understand in advance emerging markets for which semiconductor is 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 deep comprehension of the semiconductor industry – from technology to products, manufacturing and markets worldwide – and the experience of how semiconductor can enable new applications.

 

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 Loïc Liétar, Managing Director.  

“ST has always been pursuing aggressively emerging trends which have eventually led to major new market inroads for the company. Where and how silicon could be used today can go well beyond its recognized markets and applications. ST New Ventures is a formidable tool to bring a different angle to ST’s perspectives” said Liétar, Managing Director, ST New Ventures. 

 

About ST New Ventures

Launched in December 2011, ST New Ventures, STMicroelectronics’ corporate venture capital fund, invests globally in technology, product and service companies, preferably at early stage, in emerging markets where semiconductor plays a key role. For more information, visit www.stnewventures.com.

 

About STMicroelectronics

STMicroelectronics is a global leader serving customers across the spectrum of electronics applications with innovative semiconductor solutions. ST aims to be the undisputed leader in multimedia convergence and power applications leveraging its vast array of technologies, design expertise and combination of intellectual property portfolio, strategic partnerships and manufacturing strength. In 2010, the Company’s net revenues were $10.35 billion. Further information on ST can be found at www.st.com

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