Search /
Docfinder:
Advanced search  |  Help  |  Site map
RESEARCH CENTERS
SITE RESOURCES
Click for Layer 8! No, really, click NOW!
Networking for Small Business
TODAY'S NEWS
While Heartbleed distracts, hackers hit US universities
How Apple's billion dollar sapphire bet will pay off
US to vote on sharp increase in broadband subsidies
iPhone 6 rumor rollup for the week ending April 18
NSA spying revelations have tired out China's Huawei
Arista co-founder may have switch maker by its jewels
Apple kicks off public OS X beta testing
Open source pitfalls – and how to avoid them
AT&T's expanded 1 Gbps fiber rollout could go head to head with Google
BlackBerry Releases BES 10 Security Update to Address 'Heartbleed' Flaw
Verizon: Web apps are the security punching bag of the Internet
Cisco announces security service linked with new operations centers
Dell launches virtual storage accelerator, aims to boost SAN performance
Free OS X Mavericks now powers half of all Macs
Even the most secure cloud storage may not be so secure, study finds  
3D printing will transform these five industries
Most but not all sites have fixed Heartbleed flaw
NEC launches face-recognition protection for PCs
Hundreds of medical professionals targeted in multi-state tax scam
Super-high frequencies could one day deliver your mobile video
Americans cool with lab-grown organs, but not designer babies
IT Departments Not Losing Ground to Managed Service Providers (Yet)
Where's my gigabit Internet, anyway?
IE6: Retired but not dead yet
Enterprise who? Google says little about Apps, business cloud services in Q1 report
/

IBM starts half billion dollar fund for next generation Internet companies

Today's breaking news
Send to a friendFeedback


NORTH CASTLE, N.Y. - IBM is giving 500 million reasons for 'Net entrepreneurs to take their ideas to market.

To be more specific, the IBM Global Financing unit today announced it was putting up a half billion dollars to support Internet technology companies. This expansion shows once again how the 800-pound mainframe gorilla wants to be a player in the red-hot field of Web start-ups. Indeed, in a rare show of hip-ness, the company even has established a Global Net Generation Business unit.

However, this is not entirely a risky or an altruistic move, as the firm states the money is slated for companies who will use it to buy IBM services, software and hardware. Moreover, those dollars will be going only to those companies that have already gotten a first round of financing from venture capitalists. IBM says it will work with venture capital firms who have companies in need of a new cash infusion for computer equipment. While the terms of the financing will be left flexible, those companies must be developing business-to-business Internet products.

IBM, which has been putting "e-" in front of as many of its products as possible, could bill itself as the world's biggest and oldest Internet start-up company. It claims that in total, it has invested $1 billion in a variety of cutting edge financing programs. This includes putting money into venture capital firms and acquiring companies with desirable technology. For select 'Net start-ups, IBM even offers an "incubator" package of services and products, worth up to $1 million, complete with a six-month grace period.

For more information, www.ibm.com

RELATED LINKS


NWFusion offers more than 40 FREE technology-specific email newsletters in key network technology areas such as NSM, VPNs, Convergence, Security and more.
Click here to sign up!
New Event - WANs: Optimizing Your Network Now.
Hear from the experts about the innovations that are already starting to shake up the WAN world. Free Network World Technology Tour and Expo in Dallas, San Francisco, Washington DC, and New York.
Attend FREE
Your FREE Network World subscription will also include breaking news and information on wireless, storage, infrastructure, carriers and SPs, enterprise applications, videoconferencing, plus product reviews, technology insiders, management surveys and technology updates - GET IT NOW.