Google, Nokia Seek to Seed Startups - InformationWeek
IoT
IoT
Business/E-Business
Commentary
7/31/2008
12:16 PM
Jim Manico
Jim Manico
Commentary
Connect Directly
Twitter
LinkedIn
RSS
E-Mail
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
Comments
Threaded  |  Newest First  |  Oldest First
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
Annual IT Salary Report 
Base pay for IT professionals has remained flat this year with a median annual salary of $88,000 for staff and $112,000 for management. However, 58% of staff and 62% of managers who responded to our survey say they're satisfied with their compensation. Download this report to find out which positions earn the highest compensation.
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 November 6, 2016. We'll be talking with the InformationWeek.com editors and correspondents who brought you the top stories of the week to get the "story behind the story."
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.
Flash Poll