It has to be the perfect environment for developing new businesses and strategic impact: Silicon Valley is where you can find more than 23 000 start-ups attracting around $24 billion of annual venture capital investment. In 2016, 14 of these companies became unicorns with revenue in excess of $1 billion. After two years working on site, it’s clear that the innogy New Ventures team in the Silicon Valley has found a great place to nurture innovation and grow strong roots.
The opening of our new offices recently gave us a reason to celebrate in style. The team invited more than 200 guests from the Silicon Valley ecosystem, including people from our existing portfolio, promising tech start-ups, venture capital companies, other corporates in our network and partners from neighbouring universities such as Stanford. The result was a great day and lots of more new connections.