BCG and Blue Bear Ventures – Transitions First (BBV-T1ST) Enter Strategic Partnership to Stimulate Collaboration Between Corporates and Deep Tech Startups

PARIS-Boston Consulting Group (BCG), one of the world's leading management consulting firms, today announced a strategic collaboration agreement with Blue Bear Ventures - Transitions First (BBV-T1ST), an innovative cross-border seed-stage venture capital fund. BBV-T1ST focuses on backing mission-driven founders-scientists who are accelerating industrial transitions in critical sectors such as manufacturing, food, and health.

"We are very pleased to deepen our collaboration with BBV-T1ST, which originated in 2021. This partnership is the natural next step for our Deep Tech practice, aimed at additional value creation both for our clients, and a vibrant deep tech ecosystem, by addressing society's major challenges in a sustainable way," said Jerome Moreau, a partner and director at BCG and leader of the firm's deep tech advisory and ecosystem activities.

As BBV-T1ST's preferred consulting partner, BCG will enable the fund to pursue its investment theses by supporting the evaluation and growth of their portfolio companies, as well as the overall development of a global deep tech ecosystem. Together, BBV-T1ST and BCG aim to build insights on investment trends, increase corporate impact against sustainability challenges, and ultimately accelerate industry transitions into sustainable business models.

"We are very honored to join forces with BCG. Nurturing symbiotic relationships between corporates and deep tech startups is the only way forward for a sustainable future," said Marianne Abib-Pech, general partner at BBV-T1ST.

Alic Chen, general partner at BBV-T1ST added, "BCG's global leadership in deep tech, together with our distinctive cross-border approach, will undoubtedly accelerate the scaling of much-needed solutions to humanity's pressing issues."

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ABOUT BLUE BEAR VENTURES - TRANSITIONS FIRST

Blue Bear Ventures - Transitions First (BBV-T1ST) is an innovative cross-border seed-stage fund centered on regional innovation-rich clusters - Silicon Valley, France and Israel. Created by experienced entrepreneurial executives and scientists, BBV- T1ST was spun-off from UC Berkeley in 2018, invests in science-driven founders and bring them to international corporations to accelerate industrial transitions in humanity's critical sectors. Focused on de-carbonizing manufacturing, sustainable food systems and scalable medicine, BBV-T1ST aims to impact and transform the way humans produce and consume.

Our team acts as a growth catalyst to fast-track deep tech start-ups through product market fit and industrial scaling challenges - helping them move from "kilos to tons". Its leadership team is passionate about supporting founders thanks to a deep understanding of cross-border corporate environments and recognized expertise in leadership.

BBV- T1ST: Weaving together science-based innovators and best-in-class global corporates to bring transitions technologies to scale.