Willis Towers Watson (NASDAQ: WLTW), an Arlington, Va.-based global advisory, broking and solutions company, launched a venture capital initiative.
WTW Strategic Ventures aims at creating strategic growth opportunities by investing in emerging digital and technology-enabled businesses across insurance, risk and human capital.
It will make early stage investments in companies pursuing next-generation innovation, bolstering access to innovative ideas and trends, further enabling Willis Towers Watson to enhance and expand the ways in which companies interact with clients and business partners and develop innovative digital products and solutions.
In addition to the launch of WTW Strategic Ventures, Willis Towers Watson has also announced the formation of a new Growth Board. The Growth Board will increase the company’s organic innovation efforts by supporting early-stage ideas that have the potential to create new markets, new customer channels and new business models. Working together with the existing New Venture Investment Committee, the Growth Board will help expand Willis Towers Watson’s innovation pipeline.