IBM Corp. Friday established a $500 million fund to help finance early-stage Internet companies.
Published:
17 January 2000 y., Monday
IBM (IBM) will work with venture capital firms to provide their clients with IBM hardware, software and services. The assistance will be earmarked for companies which have already completed one round of financing.
"We recognize that next generation companies have unique requirements and we are committed to delivering flexible, creative financing options that will support their needs and enable them to grow their businesses," said William Doscas, IBM Global Financing_s vice president of financial products and sales operations.
IBM plans to expand relationships with venture capital firms that invest in Internet companies. It will offer those emerging firms additional funding to expand information technology infrastructure. Already, IBM provides funding to venture capital firms that work with Internet companies. The computer giant also has an incubator fund which supplies technology and services to early-stage firms.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New rules for the EU's single market will make it easier to live and do business anywhere in Europe.
more »
MEPs were disappointed that the Commission's EU budget review document had not sought the radical revision that the EU needs, they told Budgets Commissioner Janusz Lewandowski in a Policy Challenges Committee debate on Thursday.
more »
On 25 October, the Commission adopted the decision to financially support the 2011 electoral process in the Central African Republic.
more »
New EU framework for crisis management in the financial sector for managing problems before they spiral out of control.
more »
The financial crisis laid bare the limits of self-regulation, demonstrating the need for strong EU economic governance, surveillance and policy co-ordination, say two non-legislative resolutions voted by Parliament on Wednesday.
more »
The European Commission has approved an application from Germany for assistance from the European Globalisation adjustment Fund (EGF).
more »
Global and EU- level taxes on financial sector would help to fund international challenges such as development or climate change and fix the fallout from the global economic crisis.
more »
The European Investment Bank and African Development Bank today agreed to provide EUR 45m to design, build and operate onshore wind farms on four islands in the Cape Verde archipelago.
more »
MEPs want future EU budgets to accommodate new policy priorities as well as negotiations on new sources of financing.
more »
The European Parliament's Budgets Committee on Monday backed EU funding for 3,731 workers in Portugal, the Netherlands, Spain and Denmark who were made redundant due to the closure of their companies.
more »