MONTREAL — Bell Canada announced today the launch of Bell Ventures, its new “corporate venture capital initiative to encourage development of early-stage and growth companies that harness the power of Bell’s networks to drive growth and adoption of advanced technological solutions,” says a press release.
Bell Ventures will focus on investments “that will further differentiate Bell’s 5G and fibre networks” and on technology applications that deliver solutions for its customers, “including in the areas of network security, Internet of Things (IoT), robotics, telematics, clean technology (clean tech), augmented/virtual reality (AR/VR), and the metaverse,” the release reads.
“We’re delighted to introduce Bell Ventures, and support companies that are developing innovative technology solutions that make the most of our 5G and fibre networks,” said Mirko Bibic, president and CEO of BCE and Bell Canada, in the release.
“There are many companies in Canada, and around the world, that can benefit from Bell’s investment, expertise and access to technology. As the largest communications company in Canada, we have the opportunity to support Canadian growth and innovation.”
Bell Ventures will be led by Curtis Millen, head of the initiative and senior vice-president of corporate strategy and treasurer of Bell.
“Companies that Bell Ventures invests in benefit from Bell’s management and technological expertise and are able to leverage Bell network assets and strategic relationships to build use cases and accelerate market adoption,” the press release says.
Bell Ventures’ recent investments include AST SpaceMobile, Metaverse Mind Lab, Sanctuary AI, Tiny Mile, and Grandé Studios.
For more, please click here.
