EETimes.com - Intel creates $50 million VC fund for Brazil

"Intel Capital, the investment arm of semiconductor supplier Intel Corp., has created a $50 million venture capital fund to promote technology growth in Brazil.
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 important technologies and products developed for local use. Examples include hardware, services, local content developers/providers, digital health solutions, IT service providers and software solutions.
'Intel Capital's investments will help stimulate technological innovation and growth of Brazil's rapidly developing entrepreneurial community,' said Intel Corp. CEO Paul Otellini, in a statement.
Intel Capital has been a leading venture capital investor in Brazil since 1999, investing over $35 million in 13 companies. In 2005, Intel Capital announced four local investments in Digitron, TelecomNet, Certsign and Neovia. "