Microsoft will launch BizSpark, a free software that provides software, support, service for start-ups. The offer is free for the first three years. The company targets those companies who have revenues less than $1 million. This is an alternative to open source software that helps small businesses build web services with all the essential tools they need.
According to a report released in New Delhi, VCs and private equities are expected to invest more than $8.5 billion (Rs. 358 Billion) in the next 5 years. The report was released by consulting giant Deloitte and industry lobby Associated Chambers of Commerce and Industry of India (Assocham). The major thrust areas are going to be Biotechnology and life sciences, logistics, clean technology, film production and education. Until now, the investors invested mostly in the area of Information Technology. Now they are seeing the opportunities in the above areas.
A former Google employee and her husband launched a new search engine Monday called Cuil (pronounced “cool”), targeting to contest with Google by indexing more Web pages than the search giant. The company claims that it has indexed 120 billion Web pages and can provide results organized by ideas with complete privacy for users.
World’s largest steel-maker ArcelorMittal on Friday said it has launched a Clean Technology Venture Capital Fund with an initial investment of 20 million dollars in California-based Miasole.
There is a Web of projection that recently built up around the public debut of Facebook, Silicon Valley’s hottest Internet company. Although, Mark Zuckerberg, Facebook’s founder denied this in an interview with CBS’s 60 minutes, but,that hasn’t stopped bloggers and investors from interpreting Facebook’s every move as preparation for an eventual public offering.
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