Agilent Technologies, the testing and measurement company spun off by Hewlett-Packard, announced the formation of its own venture capital firm. Agilent Ventures will invest in early-stage technology start-ups, pumping $2 million to $10 million into each company. The unit plans to invest up to $100 million per year.
In addition to money, Agilent Ventures will allow start-ups to tap into Agilent's technological resources and to partner with the company to jointly develop new products. Maximilian Schroeck, formerly with A.T. Kearney, will be managing director of Agilent Ventures.