The Chinese giant Lenovo announced the creation of its second investment fund of 500 million euros. It will target start-ups operating in the areas of cloud computing, big data, artificial intelligence, and robotics.
Lenovo will spend $ 500 million to finance innovative enterprises. This is its second investment fund of this kind after the one launched in 2010 with an endowment of $ 100 million. This time, Lenovo intends to support startups that have synergies with its core businesses, namely cloud computing, big data, artificial intelligence, robotics, and various online services.
This fund is accompanied by an incubation program where some of its entities will be able to become independent, to be financed by the aid program for start-ups even raise funds from outside investors. File sharing service shareit, Lenovo, and Lenovo Cloud Connect will be the first to embark on this path by becoming independent subsidiaries. Others will follow in the future indicates Lenovo.