Bioscience

Intel, partners to give $3.5 billion to tech startups

February 24, 2010

By Flinn Foundation

[Source: AZ Central] – Intel Corp.’s plans to direct $3.5 billion of investments into U.S. technology companies could help cash-strapped startups in Arizona, where venture-capital activity is lagging.

The Santa Clara, Calif.-based semiconductor giant said Tuesday that its venture-capital arm, Intel Capital, was forming a $200 million fund to focus on domestic companies developing “clean” technology, information technology
 and biotech.

For more information: Intel, partners to give $3.5 billion to tech startups