May 16, 2007

IBM VC group positive about India

With the growing no of startups coming out of India,India has been under a scanner by VCs.The VC arm of IBM is positive about India and below is an excerpt from the article in Economic Times
Innovation in India is growing at a rapid pace, in fact faster than how it was in China when we went there a couple of years ago. So we are looking to tie up with a few VC firms including a couple of local VC players to help us identify innovative companies and technology,’’ IBM Venture Capital Group MD Claudia Fan Munce told Economc Times.
Read the complete article here

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60,000 IT workers return home from Silicon Valley

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