BC-New Venture Partners' Stephen Socolof Named Chair of National Ven

(http://www.nvpllc.com)

New Venture Partners managing partner Stephen Socolof has been named

chair of the National Venture Capital Association's (NVCA) Corporate

Venture Group (CVG) Advisory Board. The CVG comprises that part of the

NVCA membership made up of corporate venture arms. The CVG Advisory

Board is responsible for developing programs to build better

communication and practical cooperation between CVGs, venture

capitalists, startup companies, and entrepreneurs. The Advisory Board

leverages and extends the resources of the NVCA to create

best-in-class educational and networking opportunities for corporate

venture programs of all charters, sizes, business types, industries,

and stages of development. Mr. Socolof's one-year term commenced with

the NVCA Annual Meeting on April 24.

"As market dynamics have compelled larger companies to embrace 'open

innovation' to drive growth, corporate venture arms are making a

significant positive impact by investing in entrepreneurial startups

that offer a strategic benefit to the overall organization," said NVCA

president Mark Heesen. "With 38 percent growth in our corporate VC

membership last year alone, it is an exciting time for innovation

across a diverse set of industries and geographies, and we expect this

momentum to continue."

"I'm honored to represent this growing constituency within our

industry as the landscape continues to evolve," said Stephen Socolof.

"The number and presence of CVG organizations is increasing, and there

is a great opportunity to help them play a stronger role in the

venture capital community."

Stephen is a founder and member of the investment committee of New

Venture Partners (NVP) since 2001. At NVP, Stephen works with leading

global technology corporations to help them spin out, commercialize,

and scale up new business opportunities in semiconductors, software,

storage, and wireless.

Previously, Stephen joined Lucent Technologies in 1996 to establish

Lucent's New Ventures Group responsible for incubating and launching

new ventures to commercialize technology from Bell Labs. Lucent's New

Ventures Group became the benchmark corporate venture organization for

commercializing internally-developed technology. Before joining

Lucent, Stephen spent eight years with Booz, Allen & Hamilton Inc.,

where he was a leader of the firm's innovation consulting practice.

Stephen is currently a director of EverSpin Technologies, GainSpan

Corporation, Own Products, and is an observer of Alverix. He was a

director of SyChip, Inc. before its acquisition by Murata and an

investor and observer of Flarion Technologies, Inc. until its

acquisition by Qualcomm, and of Silicon Hive until its acquisition by

Intel. In addition, he was the early lead on and helped launch

iBiquity Digital Corporation, Internet Photonics, Inc., and Lucent

Digital Video.

Stephen holds a BA in Economics and a BS in Mathematical Sciences from

Stanford University and received his MBA from the Amos Tuck School at

Dartmouth College, where he was a Tuck Scholar. He currently serves on

the board of the Center for the Study of Private Equity at the Tuck

School.

New Venture Partners, the global venture capital firm dedicated to

corporate technology spin-outs, has over $700 million under

management. Starting in 1997 as Lucent's New Ventures Group and

operating as an independent firm since 2001, the New Venture Partners

team has launched over 50 companies built upon innovations from

Lucent/Bell Labs, British Telecom, Philips, Boeing, Freescale, GE,

IBM, Intel, and other major technology companies.

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