Midwich sets up global venture capital arm Midwich Ignite

Midwich Group has launched a corporate venture-capital arm that will focus on 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 focus on sectors such as emerging AV technologies, smart and connected spaces, hospitality and event technology, robotics and automation.

Alex Kemanes, Midwich Ignite’s managing director, commented: “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.

“It will bridge 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 managing director Stephen Fenby, who unveiled the initiative on the ISE Plug and Play stage, said: “Midwich is deeply embedded in the AV industry, with thousands of customers and vendors, as well as a large, knowledgeable and highly connected team. Midwich Ignite gives us the opportunity to promote innovation in the industry by leveraging our extensive capabilities.”