HP's new Tech Ventures arm seems to spend money on rising startups
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The struggles of PC maker HP have been nicely documented, and the continued decline of the corporate’s major enterprise is not serving to. Even with new merchandise just like the tremendous skinny Spectre thirteen.three, a 3D-scanning Sprout PC and a crystal-studded smartwatch, HP continues to be trying to rebound. At the moment, the corporate introduced the launch of HP Tech Ventures, a “company enterprise arm” that appears to spend money on startups with “leading edge applied sciences.” The brand new initiative could have groups in Palo Alto and Tel Aviv to go after the brand new corporations in 3D transformation, immersive computing, hyper-mobility, IoT, AI and sensible machines.
HP touts its seventy five years of expertise and patent portfolio as instruments it might use to assist aspiring entrepreneurs. It additionally notes that it has manufacturing and distribution companions in place, so it may possibly assist small corporations scale shortly. HP Tech Ventures will probably be led by the corporate’s Chief Disrupter Andrew Bolwell to “foster an ecosystem of innovation.”
“With our international model and broad attain into shopper and business markets worldwide, HP may also help startups convey product to market, construct their enterprise and scale within the international market as they develop,” defined HP’s CTO and head of HP Labs Shane Wall. Particulars are a bit scarce for now, however startups can attain out to the corporate by way of the Tech Ventures web site.