US technology and printing giant HP is launching HP Tech Ventures, a corporate investment arm that will develop cooperation and investments in early stage technology companies.
The business of HP Tech Ventures, which will be conducted by a team located in Palo Alto and Tel Aviv, will focus on strategic investments and cooperation in areas such as 3D printing, virtual reality, hypermobility, the Internet of Things (IoT), artificial intelligence, and smart machines. Irit Hillel, who will manage the HP Tech Ventures office in Israel, has 18 years of experience as an entrepreneur and senior manager in investment, technology, and digital media companies. "The technology trends are moving towards fields and markets in which HP is strong," HP CTO and HP Labs director Shane Wall said in an announcement. "Through our international brand name and strong presence in the commercial and consumer market, HP can help startups take their products to market, build their businesses, and grow in the global market from the initial development stages and during the entire growth cycle."
HP will try to provide the startups in which it invests with added value by leveraging its infrastructure and network of partners in development, production, and distribution channels.
Published by Globes [online], Israel business news - www.globes-online.com - on May 10, 2016
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