Vevey-based global food behemoth Nestlé revealed this week that the Venture Capital Fund that was outlined during its 2001 autumn press conference has now been created and is fully operational. The Swiss domiciled fund, Life Ventures by Nestlé, will have a capital of up to €150m (US$131.7m). Inventages Ventures Capital GmbH, an independent company directed by Dr Gunnar Weikert, will manage the fund.