03 Apr Google launches tech venture fund
Google, owner of the world’s most popular search engine, has started a venture-capital unit to fund new technologies as it looks for fresh revenue sources.
Google Ventures will invest $100 million in its first year and mostly target young companies, Bill Maris, a managing partner of the unit, said in an interview. The fund will invest in areas such as consumer-oriented Internet companies, health care, robotics and nanotechnology, he said.
The unit may help Google tap technologies that benefit the company’s business, said Rich Miner, also a managing partner of the venture
Read full article>>