|De Beers has announced that it has created ‘De Beers Ventures', an initiative formed to actively consider small investments in start-ups and growth companies.
The investments will be in areas that may include downstream distribution, consumer brands, marketing platforms, security, cutting and polishing, and imaging technologies, says De Beers, with the objective of generating strategic and financial benefits for the company.
Tom Montgomery, Senior Vice President of Strategic Initiatives, De Beers Group, says: "Not all good ideas can be generated or executed by a large corporation. We believe that harnessing the energy of entrepreneurs to pursue strategic opportunities that benefit De Beers and the diamond industry can be a cost-effective, risk-reduced way to pursue innovation."The De Beers announcement invites entrepreneurs to submit their business plans and proposals via www.debeersventures.com.