TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Open RAN
  • Digital Platforms and Services
  • 5G
  • Access Evolution
  • Private Networks
  • Cloud Native
  • Edge
  • Open Networking
  • Sustainability
  • AI, Analytics and Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • 5G
  • 6G Research and Innovation
  • Access Evolution
  • AI, Analytics and Automation
  • Cloud Native
  • Digital Platforms and Services
  • Edge
  • Open Networking
  • Open RAN
  • Private Networks
  • Security
  • Sustainability
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Industry Announcements

Tracker

GE Healthcare taps into $28 Billion orphaned IP market with stake in Pilot Lite Ventures

Via General Electric Newsroom

Nov 28, 2016

  • GE Healthcare extends consulting business beyond hospitals and social care to life sciences companies, expanding client base and broadening offering to healthcare clients beyond that of traditional consultancies
  • Pilot Lite Ventures pioneered the new Venture Management discipline which enables multinationals to validate, launch and commercialize new ventures, stranded IP, products and services.

November 28th 2016 – GE Healthcare has taken a 20% stake in global venture management company Pilot Lite Ventures (PLV), expanding its consulting business as it seeks to tap into an estimated $28 billion global market in unexploited healthcare and wellness R&D, orphaned IP and early-stage technology.

GE Healthcare Partners currently offers analytics-based consulting solutions to health and social care organisations, to design strategy, formulate improvements and achieve measurable results and outcomes. With this deal, GE will expand the services it offers to corporate clients in the life sciences and health and wellness sectors.

PLV, headquartered in London, works internationally with major corporates to validate, launch and commercialize new ventures, stranded IP, products and services. Clients include international corporates and brands from the FTSE 100 and Fortune 500 as well as the public sector. Financial terms were not disclosed. GE has the option to increase its stake at a later date.

In major corporates, R&D projects are frequently started but not completed for strategic reasons, lack of capital allocation or changes in corporate focus. PLV specializes in translating these early-stage innovations into commercially realizable products and investable portfolios for corporate clients and investors.

John Deverill, Managing Partner at GE Healthcare Partners said:

“Big evolving markets like healthcare have big evolving problems. Pilot Lite has a proven, systemic approach to commercializing IP and innovation, including putting specialist teams on the ground to manage new or previously-retired commercial ventures for major corporates. Adding this unique solution set to our offering will enable us to better meet our clients’ needs and to differentiate GE Healthcare Partners from traditional consultancy models.”

Mike Anstey, CEO of PLV said:

“GE Healthcare will be a valuable partner for us as we further develop our strategic capabilities within Europe and globally, as well as accelerating and leveraging the growth of our ground-breaking Venture Management offer. Corporates increasingly want to know not what to do but how to deliver it. Our eight stage Venture Management process de-risks the initial ‘white space’ origination of IP and then accelerates its journey to market as well as into new business models. Venture Management delivers accelerated market penetration and first revenues, not more paperwork and strategy.”


About Pilot Lite Ventures

PLV is the original Venture Management company, inventing the discipline in the depths of the global financial crisis in 2009. Since then the company has worked with a host of international corporates and brands from the FTSE 100 and Fortune 500 as well as the public sector. The Venture Management approach can be applied to any business, anywhere, but PLV has accrued particular experience in food & beverage CPG/FMCG, consumer healthcare, pharmaceuticals, oil & gas and technology. Venture Management de-risks the acceleration of innovation, stranded IP or businesses, as well as identifying new channels to market for businesses in emerging and developed markets.

Related Topics
  • AI, Analytics & Automation ,
  • Announcement,
  • Data & Analytics,
  • Healthcare,
  • News,
  • North America,
  • Tracker

More Like This

Digital Platforms & Services

ETSI OSM launches release twelve, with enhanced network function resiliency and runtime operations

Jul 1, 2022

Digital Platforms & Services

BT remains home of UEFA Champions League, UEFA Europa League and UEFA Europa Conference League until 2027

Jul 1, 2022

Open RAN

Keysight’s Participation in O-RAN Global PlugFest Spring 2022 Enables Ecosystem to Speed Open RAN Technology Development and Specifications Maturity

Jul 1, 2022

5G

Nokia supports DISH Wireless launch of world’s first telco network using 5G Standalone Core on AWS public cloud

Jul 1, 2022

Access Evolution

Telefónica Tech to monitor security in industrial and IoT environments

Jul 1, 2022

This content extract was originally sourced from an external website (General Electric Newsroom) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

10:14

Executive Interview: Vodafone’s Lucia De Miguel Albertos on the ultimate RAN Intelligent Controller

39:34

Figuring out the TCO of Open RAN

6:47

Dell's Role in Open RAN

4:24

Executive Interview: Neil McRae on BT's Open RAN Plans

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2022. All rights reserved. All brands and products are the trademarks of their respective holder(s).