Intel Establishes $50 Million Venture Capital Fund for Brazil; Intel Capital Brazil Technology Fund to Accelerate Technology Innovation and Growth.SAO Sa´on. 1. (Zool.) Any marine annelid of the genus Hyalinæcia, especially H. tubicola of Europe, which inhabits a transparent movable tube resembling a quill in color and texture. 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 (company) Intel Corporation - A US microelectronics manufacturer. They produced the Intel 4004, Intel 8080, Intel 8086, Intel 80186, Intel 80286, Intel 80386, Intel 486 and Pentium microprocessor families as well as many other integrated circuits and personal computer networking , 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 en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. community," said Intel Corporation CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Paul Otellini Paul S. Otellini (born October 12, 1950) is Intel Corporation's fifth Chief Executive Officer. Education Paul Otellini graduated from St. Ignatius College Preparatory. He holds a bachelor's degree in economics from the University of San Francisco. , 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 NURTURE. The act of taking care of children and educating them: the right to the nurture of children generally belongs to the father till the child shall arrive at the age of fourteen years, and not longer. Till then, he is guardian by nurture. Co. Litt. 38 b. important technologies and products developed for local use. Examples include hardware, services (broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com. Intel and the Intel logo are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries. Other names and brands may be claimed as the property of others. |
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