HP New Corporate Investment Arm Will Be Scouting For Startups

New giant VC arm of the technology will work in both Palo Alto and Tel Aviv.Samsung, HP Pop-Tops Do Laptop Double Duty

HP Inc. has a new investment arm to fund the creation of companies.

The personal computer and printer maker, said Tuesday that his new group, HP Tech Ventures, finance young companies working in 3D technology, calculation of immersion, artificial intelligence, and Internet of things, in appliances such as refrigerators and plant equipment are connected online.

HP Executive Andrew Bolwell lead the new investment division, which informs Shane Wall, chief technology officer at HP and director of the research division of the company, HP Labs. Unlike the background typical investment that has a fixed amount of money to distribute to new businesses, HP rather than investing directly in the balance sheet,

“The technological revolution moves to strategic markets that speak of the strengths of HP,” said Wall in a statement. “With our global brand and broad reach in the consumer and commercial markets worldwide, HP can help new businesses bring product to market and build your business in the world market as they grow. “

HP Tech Ventures operate both Palo Alto and Tel Aviv, Israel. The new company does not mention specific companies that may be looking to invest.

But some of the technologies HP seeks to fund more interest to those who are. For example, HP pushes 3D printing as a means of boosting growth, while reducing their activity.

HP HPQ centers of  ^1.71% data and enterprise infrastructure brothers, Hewlett Packard Company HP E -0.06%, has its own investment arm is separated from the new fund. In late March, the HP Enterprise investment arm led a funding round of $ 73.5 million for the start of data center software program mesosphere.

HP and HP Enterprise Inc. formally split last November distinct companies with the idea that two companies focused on their respective activities could operate a business mega efficiently.

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