Intel's VC fund

Filed in archive Venture Capital on January 7, 2004

Intel has established a new fund worth $200 million for investments in consumer electronics. Good marketing and probably good invested money, as Intel looks for new business fields to grow.

Also interesting Intel has made its first investment in Russia, a region usually pretty much depleted of venture capital.

"Russia and the rest of Eastern Europe are shaping up to be one of the hot new frontiers for technology companies, according to several technology executives. Sales of PCs, servers and other computing equipment continue to grow at a rapid rate in these markets, a trend that has benefited local manufacturers such as Kraftway, Russia's leading PC maker. Additionally, universities such as Moscow State Technical University are often flush with underemployed Ph.D. scientists and engineers."