Everything is going according to plan: HP Inc. launches "pocket" venture fund

Source: pharmvestnik.ru

Less than six months after the division of Hewlett Packard into two companies, as it became known about the launch of the new venture fund HP Tech Ventures .

New HP Inc. received all the assets for the development and production of personal computing systems and printers. Hewlett Packard Enterprise got the entire HP corporate business.
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The team of the fund of eight experts will be headed by Andrew Bolwell, writes Techcrunch. He has worked for HP Inc.16 for years. Over the past few years, he has earned the title of chief expert on "generating original and breakthrough ideas."

The fund plans to focus on seed investments, as well as on Series A rounds. This plan is part of HP Inc. strategy. The company is interested in projects in the areas of 3D printing, augmented and virtual reality, home and industrial robotics, the Internet of Things ( IoT ).

It should be noted that the funds with which the fund should operate will be sent straight from the pocket of HP Inc. Therefore, there will be a close relationship between it and HP Tech Ventures, which is not the case with another venture fund that was launched before the division.

Two years ago, Hewlett-Packard launched a venture fund called Hewlett Packard Ventures . It is located in Palo Alto. It is managed by an independent team of specialists. The fund is interested in cloud technologies, data centers, “big data” and security.

On May 4, a Chinese computer manufacturer, Lenovo, also announced the launch of a venture fund. The fund will amount to $ 500 million. Lenovo Capital will invest in promising technology startups working in the field of artificial intelligence, robotics and cloud computing.

The new fund will be managed by Lenovo. Already, the company has invested $ 100 million in three dozen companies developing mobile games, smart home systems and information security projects.

“We will not limit the amount of investment in innovation until the start-up products respond to Lenovo’s broad strategy and truly differ in technological innovations,” said Yanim Yuanqing, CEO and CEO of Lenovo, to DailyComm.