Google has formed investment fund worth 100 million dollars that will invest in future companies in the early or start-up stage of development.

Google Ventures fund is in Google ownership but will operate as a separate department. The main goal is the same as every business – maximize assets returns from investing in star-up, risk but innovative businesses.

Google Ventures will invest in a wide range of companies, including companies of consumer electronics, information technology, medical devices and biotechnology. Google representatives announced that they want to invest in new companies in the same manner as Google was supported in the early stages of company development.

First companies that get Google Ventures financial injection are: Pixazza Inc. – Internet marketing service based on photos and Silver Spring Networks – a company that is trying to increase the efficiency of electricity networks with his own know-how solutions.

More info on official page.

Tags | Announcements, Business, Finance, Internet Marketing