Intel Establishes $50 Million Venture Capital
Fund for Brazil; Intel Capital Brazil Technology Fund to Accelerate
Technology Innovation and Growth
BUSINESS WIRE
March 28, 2006
SAO PAULO, Brazil -- 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.
The fund will be used to invest in companies that can benefit from the
rapid growth of technology in Brazil, and provide local businesses
with capital to help nurture important technologies and products
developed for local use. Examples include hardware, services
(broadband infrastructure and mobile wireless solutions using WiMAX
technology, among other services), local content developers/providers,
digital health solutions, IT service providers and software solutions.
"Intel Capital is a global investor and we recognize the importance of
Brazil as an emerging market leader," said Arvind Sodhani, president
of Intel Capital. "Intel Capital plays a critical role in Intel's
wide-ranging efforts to stimulate technological innovation in the
countries where we invest. We anticipate that the establishment of the
Brazil fund will inspire even more innovative business models among
Brazilian entrepreneurs, and stimulate greater distribution of
technology to the people of Brazil."
Intel Capital has been a leading venture capital investor in Brazil
since 1999, investing over US$35 million in 13 companies. In 2005,
Intel Capital announced four local investments in Digitron, TelecomNet,
Certsign and Neovia.
About Intel Capital
Intel Capital, Intel's venture capital organization, makes equity
investments in innovative technology start-ups worldwide. Intel
Capital invests in a broad range of companies offering hardware,
software, and services targeting enterprise, home, mobility, health,
consumer Internet and semiconductor manufacturing. Since 1991, Intel
Capital has invested more than US$4 billion in more than 1,000
companies spanning more than 30 countries. During this time, about 160
portfolio companies have been acquired and another 150 have gone
public on exchanges around the world. In 2005, Intel Capital invested
about US$265 million in about 140 deals, with approximately 60 percent
of funds invested outside the United States. For more information on
Intel Capital and its differentiated advantages, visit
www.intelcapital.com.
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