Midwich Group plc, a global specialist audiovisual (AV) distributor, has launched Midwich Ignite today – the Group’s new corporate venture capital arm, which will invest in, and support, entrepreneurs to propel innovation within the industry.
Focusing on investments in high-growth start-ups and scale-ups within AV and the wider technology ecosystem globally, Midwich Ignite will operate as a standalone enterprise and will utilise the Group’s connections and expertise garnered over 45 years.
Midwich Ignite is seeking to invest in forward-thinking companies shaping the future of the industry. Key sectors include emerging AV technologies, smart and connected spaces, hospitality and event technology, an robotics and automation.
Alex Kemanes, managing director of Midwich Ignite, said:
“Having worked in the AV industry for many years, both as a value-add distributor and as an investor, I am excited to be heading up this new venture, bridging the gap between finance and deep industry knowledge to help drive innovation in our industry and support those entrepreneurs who are at the forefront of technological transformation.”
Midwich Group’s managing director, Stephen Fenby, will be presenting the new initiative on the ISE Plug and Play stage today, Tuesday 30 January, at 12:15pm (CET).
Stephen Fenby, managing director of Midwich Group plc, added:
“Midwich is deeply embedded in the AV industry, with thousands of customers and vendors, and a large, knowledgeable, and highly connected team. Midwich Ignite gives us the opportunity to promote innovation in the industry by leveraging our extensive capabilities.”
For more information or to discuss investment opportunities, please visit the team on the Midwich Group stand (3R150) in hall three during the four-day show. Alternatively, visit www.midwichignite.com.
You can watch Jenny Hicks talk more about the venture with Stephen Fenby.