Intel’s venture capital division, Intel Capital, has been investing small sums of money into promising cleantech firms. The companies Intel has invested in has ranged from solar manufacturing start-ups to companies building energy efficiency technology for semiconductors. While many other capital venture firms have become weary of investing in clean technology start-ups, Intel Capital will continue their strategy. The Company recently announced they would invest $10 million into five new cleantech start ups.
Intel Capital believes that investing in these firms will help the Company’s core business of selling communication chips. The five companies Intel has chosen to invest in are: CPower, Grid Net, Convey Computer, iControl and Powervation.
Written by Shosh Pincus
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