'develop the venture' is correct and usable in written English.
You can use it in business writing, when referring to plans for a project or idea. For example, "We need to develop the venture quickly in order to stay ahead of the competition."
Before these companies developed the venture, they were candidates to become some of Healtheon's biggest customers.
As for NanoLab, the team is interested in further developing the venture and building a prototype.
The Singapore Venture Capital and Private Equity Association is dedicated to promoting and developing the venture capital industry in Singapore.
By referring to these two complementary mechanisms, the authors underlined the role played by the entrepreneurs' social capital (e.g. reputation) in providing investors with additional information about his or her capacity of implementing, managing and developing the venture.
The grant enabled PulseOn to fund itself for 10 months, allowing it to further develop the technology before getting venture capital investment.
As these joint ventures develop, the industrial partners have a direct, financial interest in seeing products emerge from the collaboration.Daimler-Benz, for instance, is investing $350m in Ballard.
Then, in 2010, B.S.G.R. announced that it was forming a joint venture to develop the ore — with Vale.
In September, the Chinese government authorized the negotiation of a joint venture to develop the huge but remote Tarim Basin gas field in Xinjiang province, near the intersection of Kazakhstan, Kyrgyzstan and China.
The taka has recently been devalued, and as Tony Blair diplomatically pointed out during his recent visit, the government is six months behind in money owed to foreign oil companies as part of a joint venture to develop the gas reserves.
He eventually discovered a company in Japan that was making smaller catheters and created a joint venture to develop the catheter for children and to seek approval for it in the United States.
