Nvidia Launches Investment Fund For GPU Startups - InformationWeek
IoT
IoT
Infrastructure // PC & Servers
News
3/10/2009
03:18 PM
50%
50%
RELATED EVENTS
Building Security for the IoT
Nov 09, 2017
In this webcast, experts discuss the most effective approaches to securing Internet-enabled system ...Read More>>

Nvidia Launches Investment Fund For GPU Startups

Startups with innovative GPU applications can apply for $500,000 to $5 million to fund joint marketing, development, and product distribution.

Nvidia on Tuesday introduced a fund to invest in startup companies that use graphics processors for visual and other computing applications.

In addition, the graphics chipmaker launched the GPU Venture Zone Web site for showcasing what Nvidia finds to be innovative GPU applications under development.

Through the GPU Ventures program, Nvidia would provide startups with financial help ranging from $500,000 to $5 million for joint marketing, development, product distribution, and more. The chipmaker is particularly interested in companies leveraging the graphics processing unit for consumer or professional applications in areas such as video and image enhancement, scientific research, financial analysis, and 3-D interfaces.

Among the companies Nvidia has invested in is Elemental Technologies, a 3-year-old Portland, Ore., company building a video processing platform. "Nvidia's support, through investment, strategic partnership, and joint marketing, has helped us to raise additional capital and gain customer visibility much more quickly," Sam Blackman, chief executive of Elemental Technologies, said in a statement.

Other companies that have received money and support from Nvidia in the past include Acceleware; Keyhole, which was acquired by Google; Mental Images, acquired by Nvidia; MotionDSP; and Right Hemisphere. These companies were featured in Nvidia's Emerging Companies Summit in 2008, which is scheduled to take place again in fall 2009.

Companies interested in applying for Nvidia funding should arrange to submit a business plan by sending an e-mail to gpuventures@nvidia.com. More information is also available on the GPU Venture Zone Web site.

Nvidia is launching the investment fund at a time when the company has suffered losses in the global economic recession. The company in February reported a loss of $147.7 million in the quarter ended Jan. 27, as revenue fell to $481.1 million from $1.2 billion in the same period a year ago. Nvidia's earnings fell below Wall Street analysts' estimates.


Each year, InformationWeek honors the nation's 500 most innovative users of business technology. Companies with $250 million or more in revenue are invited to apply for the 2009 InformationWeek 500 before May 1.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
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
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Video
Slideshows
Twitter Feed
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