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Article

16 Jun 2015

Author:
Megan Geuss, Ars Technica (USA)

Intel creates $125 million venture capital fund to support start-ups led by women & minorities

"Intel creates $125 million fund for tech firms led by women and minorities", 10 Jun 2015

Intel announced on Tuesday that it has created a $125 million venture capital fund aimed at increasing the number of women- and minority-led technology startups. At the Consumer Electronics Show in…January, Intel's CEO…pledged that the company would commit $300 million to improve diversity in tech…“Intel has previously said its workforce is about 24 percent female and 12 percent black and Hispanic,” the AP noted. “The US workforce is about 47 percent women and 26 percent black and Hispanic.” The new fund will be run by Lisa M. Lambert, who is currently the managing director and vice president of Intel Capital. “With this new fund, Intel Capital is committed to investing in the best talent from a myriad of backgrounds to cultivate innovations that serve the needs of a diverse public,” [she] said…[Also refers to Perkins Caufield & Byers]