Business/E-Business
Commentary
7/31/2008
12:16 PM
Gayle Kesten
Gayle Kesten
Commentary
50%
50%

Google, Nokia Seek to Seed Startups

The Wall Street Journal, TechCrunch

Google is reportedly planning to launch a venture-capital arm, joining high-tech names like Intel and Motorola in discovering and growing new companies.This wouldn't be the first time Google has considered building out a VC group. According to several people briefed about the discussions, Google SVP David Drummond will lead the group, plus the company has hired William Maris, an entrepreneur and investor, to help structure the division. Like Amazon, Google has does some informal funding; the search giant has traditionally favored buying new companies rather than investing in them. For its part, Google hasn't commented.

Meanwhile, Nokia has added $150 million into Nokia Growth Partners, which focuses on up-and-coming mobile companies. The company said it wants to find emerging Internet services that are coming out of China and India.The Wall Street Journal, TechCrunch

Comment  | 
Print  | 
More Insights
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest, Dec. 9, 2014
Apps will make or break the tablet as a work device, but don't shortchange critical factors related to hardware, security, peripherals, and integration.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of December 14, 2014. Be here for the show and for the incredible Friday Afternoon Conversation that runs beside the program.
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.