In December 2005, Intel''s boss Craig Barrett received a red carpet welcome in India. Then, the IT minister Dayanidhi Maran, was wooing the tech major to set up a fab facility but that did not happen.
But Barrett, instead, launched the Intel capital fund to invest in tech start-ups. But the fund was never really aggressively active. However under the new team, Intel is refocusing on the fund. This is advantage for technology companies as Intel is not just looking at making twice the number of investments that it made last year, it is also increasing the size of the investment. Intel believes that it will double the number of investments in India.
Last year Intel Cap invested in 5 companies and so far in 2008, it has already the invested in 6 companies. Intel wants to close the year with at least 10 investments.Intel is clear the investments will only be made in companies that have synergy with the tech major. A string of new companies have been the big beneficiaries, buzzintown.com, yatra.com and Emnet Emergency electronic security.Unlike globally, in India, the best synergies for Intel are coming at the mid and late stage of companies and clearly that''s where the focus will be.
But Barrett, instead, launched the Intel capital fund to invest in tech start-ups. But the fund was never really aggressively active. However under the new team, Intel is refocusing on the fund. This is advantage for technology companies as Intel is not just looking at making twice the number of investments that it made last year, it is also increasing the size of the investment. Intel believes that it will double the number of investments in India.
Last year Intel Cap invested in 5 companies and so far in 2008, it has already the invested in 6 companies. Intel wants to close the year with at least 10 investments.Intel is clear the investments will only be made in companies that have synergy with the tech major. A string of new companies have been the big beneficiaries, buzzintown.com, yatra.com and Emnet Emergency electronic security.Unlike globally, in India, the best synergies for Intel are coming at the mid and late stage of companies and clearly that''s where the focus will be.
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