Science has not only shaped current global trends in information technology, nanotechnology and environment. Fund managers and joint ventures also influenced the growth of these trends.
Venture capitalists eventually helped Silicon Valley to flourish. They mostly invested in research and development of nanotechnology and information technology. Similar groups also spurred technology growths in India and China.
Similar to popular social development efforts on poverty and health, international joint ventures are also inspiring more efforts on environment. Often, we witnessed partnerships of politicians and celebrities to pull off awareness and fund raisings for a certain social cause. Eventually, they drew capitalists, corporations and even sovereign-wealth fund managers to invest, as part of their corporate responsibilities.
One similar international joint venture is between General Electric (GE) and Mubadala.
The partnership was odd in the first look because Mubadala is a sovereign-wealth fund manager in Gulf while GE is a company popular for producing household appliances. It was more odd when they set to build eco-cities or carbon-free cities in the desert. Both claimed to have mutual gains, so, the international joint venture is eventually working.
GE and Mubadala look in to be part of an ambitious plan of Abu Dhabi, a rival neighbor of Dubai in infrastructures, to build a carbon-free city Masdar. GE will implement its Ecomagination clean-energy program while Mubadala pours in $4 billion in the international joint venture. Together, they will invest $40 billion.
Both, however, do not invest only for Masdar, not even in 1 city but in the entire Gulf region. GE shall build hubs in the region. In fact, it already has 1 service hub in Saudi Arabia. Mubadala continues to spread sovereign-wealth funds with energy-intensive international companies in the commitment to sustain economic activities as oil and gas reserves slowly depletes.
The international joint venture eventually is working because 6 economic cities are already on the rise in Saudi Arabia.
Here's to your success
"Award Winning Entrepreneur, and Joint Venture Specialist, Rivers Corbett offers an exclusive and exciting opportunity to a limited number of entrepreneurs who are looking to steer clear of the typical ''Get Rich Quick'' hype and build a solid business of * lasting *significance. Click on MyInternetBiz for more information.
- Rivers Corbett
- Rivers Corbett, MBA is an award winning entrepreneur, speaker, and author of "13 Fears of Entrepreneurs" He has received numerous business honors including Entrepreneur of the Year, Canada's Hottest Start-ups List and Canada's Fastest Growing Companies list through Profit magazine and most recently recognized as one of Canada's 10 Mentor RockStars.. Rivers is presently a member of Startup Canada's National Advisory Council, founding entrepreneur of StartUP Fredericton & the "Entrepreneur in Residence" at the University of New Brunswick. His real joy and expertise is being a StartUP Advisor and "zagging while everyone else zigs"...like his two newest businesses ventures the Relish Gourmet Burgers restaurant chain and TheRockStar StartUP for StartUP entrepreneurs. Oh... he is also the leader of a team of over 25 chefs through his other company The Chef Group. Not bad for a guy who hates to cook. Always looking for a new idea to help businesses' succeed...this is his newest marketing discovery for StartUPs The Lyoness Advantage. "Rivers is a 21st century entrepreneur, he's the one to watch" - Jim Gilbert: Canada's Huggable Car Dealer!