Google Searches for Startups

min read
google-startup.jpgGoogle has established a venture capital fund that will be formally unveiled tomorrow, The New York Times reports. The fund could be seeded with as much as $100 million.

Its focus will, as might be expected, include internet ventures, clean technologies and life sciences. The fund will be run by David Drummond, senior vice president of corporate developing and chief legal officer at the web-search giant, the paper reports. "A lot of the things we have done in the energy area [are] the kinds of things you might see from Google Ventures," Drummond said.

The Times reports that the fund will tap the recommendations and connections of Google employees, and that two companies have already received Google capital.

More from Entrepreneur

Grow Your Business at Entrepreneur LIVE! Join us on Nov. 16 in Brooklyn, NY, to learn from legends like Danica Patrick and Maria Sharapova, pitch our editors, meet with investors, and potentially walk away with funding!
Register here

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.