According to The Australian Financial Review, BHP has created an internal ''venture capital'' division to make seed investments in early-stage technology companies and start-ups, as part of chief executive Mike Henry's desire to drive innovation across the multinational mining company.
Expected to be dubbed "BHP Ventures", the division will make and manage a portfolio of minority shareholdings in technology companies whose intellectual property could be deployed across BHP's mines and oil rigs.
BHP has hired for the ventures unit across Australia and the US this year, and the new team has been urged to prioritise investments in technology that could boost safety, productivity and operating efficiency at BHP's sites.
If you want to read this article in Japanese, please see the following link:
Subscribe to our English Newsletter