The conglomerate's $150m investment fund will seek out startups developing disruptive technologies relevant to its subsidiaries, which will provide the capital for the Kickstart Ventures-managed fund.

Philippines-based diversified conglomerate Ayala unveiled plans on Friday to launch a $150m corporate venture capital fund, according to the Nikkei Asian Review. Ayala intends to raise the capital from its subsidiaries, which cover sectors such as retail, education, financial services, telecommunications, water utilities and renewable energy, IT, public transport, car manufacturing, healthcare, logistics and business…

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