Intel Establishes $50 Million Venture Capital Fund For Brazil
Subject: General Tech | March 28, 2006 - 10:00 AM | Jeremy Hellstrom
SAO PAULO, Brazil, March 28, 2006 — Recognizing Brazil's position as South America's largest economy and its increasing importance as a technology leader, Intel Capital, the investment arm of Intel Corporation, has created a US$50 million venture capital fund to promote technology growth in Brazil.
'Intel Capital's investments will help stimulate technological innovation and growth of Brazil's rapidly developing entrepreneurial community,' said Intel Corporation CEO Paul Otellini, who is in Brazil this week for discussions with industry and government leaders.
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