RIM launching $150 million VC fund for mobile apps
May 13, 2008 – 10:07 amFiled under: Cellphones
Following the lead of Google and Apple in providing a hefty chunk of some sort of funding up front for app developers, RIM is teaming up with RBC and Thomson Reuters to provide a $150 million fund to invest in “mobile applications and services.” Interestingly, RIM isn’t limiting those apps and services just to the BlackBerry, and instead the fund is designed to “advance the industry.” The fund will be open to companies from all over the world, and sounds like it’ll be open to pretty much any type of mobile application or service developer that plans on kicking ass in its respective field. We’re curious as to how BlackBerry slanted the fund will end up being, but hey, it’s their money, so we really couldn’t complain either way.
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