Rishad being the head of strategy division at Wipro is busy in putting together a team that will assist him on taking decisions, including evaluating projects that need to be incubated by the Bangalore-based IT firm. Anurag Srivastava, who is overseeing the Change in the business unit at Wipro, is set to be one of the key members of this team. Two other executives who will be reporting to Rishad are Jagadish Velagapudi, head of strategic programs, and Haripriya Rama Iyer, who in April was given a senior role in the strategy division.

"Wipro wants to be at the front-end of technology. That fs the ambition, h said a second executive, adding that startups from across the world, including India, will be considered. gInnovation is not restricted to the U.S. So the thinking is why to limit to any geography."

The corporate venture arm will be part of Change the Business Unit, which is one of the two young business divisions the company set-upearlier this year. The company has outlined massive investments in technology platforms, including automation and digital space, results of which should start showing as early as June next year, the executive said.

It is from past few years, Wipro has made minority investments in two such startups, including $5 million in U.S.-based Axeda and over $30 million investment in Opera, a New Jersey based data Analytics Company.