LISLE, Ill.--(BUSINESS WIRE)--Building on a longstanding commitment to foster and accelerate growth by commercializing innovation through strategic relationships with startups, Molex Electronic Technologies, LLC (“Molex”) has formally announced the formation of a new subsidiary, Molex Ventures, LLC (“Molex Ventures”), wholly dedicated to solving industry challenges and creating value through emerging technologies. Molex Ventures specializes in investments and collaborations with startup companies that can leverage Molex design and manufacturing capabilities.
“Fostering the cross-pollination of ideas and capabilities can serve as a catalyst for transformational innovation. As a technology leader, Molex welcomes opportunities to forge strategic relationships with startups at key stages in their development,” said Lily Yeung, vice president, Molex Ventures. “We are proactively seeking collaborations with startups that have developed a successful solution or concept and are ready to take their innovation and commercial growth to the next level.”
Molex Ventures seeks relationships that are closely aligned with broader business strategies in a wide range of industry sectors, including Medical and Pharmaceutical sensors, connected health and point of care diagnostics; Automotive connected mobility, electrification and autonomous driving; Industry 4.0 sensors, robotics and data analytics platforms; and Electronics Packaging Technologies.
The Molex Ventures portfolio includes recent investments and collaborations with:
- NuCurrent – Embedding innovative antenna technologies into mobile device platforms
- Ossia – Expanding market access to the Cota Real Wireless Power Platform
- Excelfore – Creating integrated in-vehicle connected platforms
“Strategic relationships must go beyond investments to create a whole greater than the sum of its parts,” adds Yeung. “Molex Ventures can help innovators bring successful concepts to fruition and achieve demonstrable value by scaling up production and delivering on projects more efficiently.”
Manufacturing complexity and overall costs are common challenges for startup companies working to bring important technologies to market. Molex Ventures structures relationships that offer the resources needed to overcome barriers to technology integration and manufacturability. Relationships with companies developing technologies that complement Molex solutions may comprise a combination of engineering, manufacturing, intellectual property and licensing strategies.
Molex brings together innovation and technology to deliver electronic solutions to customers worldwide. With a presence in more than 40 countries, Molex offers a full suite of solutions and services for many markets, including data communications, consumer electronics, industrial, medical, automotive and commercial vehicle. For more information, please visit www.molex.com.
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