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3M New Ventures is the venture capital arm of 3M. They focus on investing in companies in advanced materials and process technologies, smart infrastructure healthcare and life science technologies, software solutions, big data, analytics, sensors and connectivity or IoT.
3M New Ventures work to leverage their technology platforms, networks and commercial expertise to help their investment partners. They look for management teams with a record of success, products and technology with an intellectual property position, a scalable business model and an opportunity to make a market impact in two to five years.
The investments of 3M New Ventures include Phylagen, Dispelix, Guardhat Technologies, Properllor Health, Varentec, Impel NeuroPharma, Smart Energy Instruments and VocalZoom.
Their exits include Propeller Health, txtr, and Printechnologics.