Google has created a venture fund
Google has created a fund to invest in startupsThe American company Google has created a venture fund that will invest in start-up companies.
This is reported by AFP. The fund was named Google Ventures and will search for startups working in the field of software, e-commerce, clean technologies, biotechnology and healthcare.
Google Ventures is expected to invest up to $100 million in startups in the coming year, The New York Times newspaper writes. At the same time, the fund has already invested some amount, the amount of which is not disclosed, in two young companies. One of them is Silver Spring Networks, which manufactures equipment for managing power grids, and the other is Pixazza, which has developed software that allows you to find pictures on the Internet and compare them with goods.
On March 10, 2009, Nvidia, one of the largest manufacturers of graphics processors, launched the GPU Ventures Program. Within its framework, there is a venture fund that invests in start-up companies that specialize in working with graphics processors. As part of the GPU Ventures Program, the maximum investment volume can be up to five million dollars.
A venture fund is an investment company that invests in innovative enterprises and projects. Such funds invest in securities or enterprises with a high degree of risk. As a rule, up to 80 percent of the projects in which venture funds invest do not bring profit, but the income from investments in the remaining 20 percent of companies allows you to recoup all losses.