Intel: “Invest in America” & Greentech

Intel and a who’s-who list of VC heavyweights are putting together a little stimulus package of their own — and green technology is high on their wish list. Intel CEO Paul Otellini announced Tuesday that Intel Capital has put together a new $200 million investment fund that is aimed at “key innovation and growth segments such as clean technology, information technology and biotechnology,” and has roped in 24 VC firms — including Kleiner Perkins Caufield & Byers, Menlo Ventures, Mohr Davidow Ventures, New Enterprise Associates, Draper Fisher Jurvetson, Khosla Ventures and North Bridge Venture Partners —to invest a total of $3.5 billion over the next two years.

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Author: Dewita

Co-founder Ecotwist Labs.

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