By Kui Kinyanjui
Posted Tuesday, February 15 2011 at 00:00
Innovators could soon benefit from a $150 million global fund aimed at supporting start-ups who focus on developing creativity in the mobile phones sector.
Announced on Monday at the start of the Mobile World Congress currently underway in Barcelona, the fund will be backed by Research In Motion (manufacturers of the Blackberry phone) and the BlackBerry Partners Fund to provide independent venture capital fund focused exclusively on mobile computing.
“We are very pleased with the positive impact of the first Fund on our mobile ecosystem and we look forward to BlackBerry Partners Fund II bringing additional resources and support to mobile innovators in a broader range of international markets,” said Jim Balsillie, Co-CEO at Research In Motion.
The BlackBerry Partners Fund II is expected to launch in June 2011 and will have a broader international mandate than the first fund.
The first BlackBerry Partners Fund was established in 2008 in collaboration with Research In Motion, Thomson Reuters, Royal Bank of Canada and a roster of high profile investors.
The Fund has made 13 investments to-date in mobile start-ups in Canada, the United States, Israel and Ireland.
The Fund brings capital, resources and domain expertise to the partnerships it forms with exceptional entrepreneurs around the world who are shaping the future of the mobile eco-system.
Meanwhile, Ericsson has announced the global launch of PC as a Service, which Kenyans companies will be able to take advantage of in coming months.
The product relies on an internet based operating system, providing clients with virus protection, software updates, application installation and maintenance.
The service, including client hardware, is remotely managed end-to-end by experts.
The concept gives a superior and convenient computing experience at a really great value reaching out with an optimal solution for the next billion users, especially in emerging markets.
Meanwhile, investment bank Renaissance Capital has launched a mobile phone application that gives users instant access to the firm’s research.