Monday, June 9, 2008

BlackBerry Partners Fund

On 12 May 2008, RIM, RBC and Thomson Reuters announced plans to launch the BlackBerry Partners Fund. The Fund is a $150 million venture capital fund being formed to focus on applications and services for the BlackBerry platform and other mobile platforms including mobile commerce (payments, advertising, retailing and banking), vertical and horizontal enterprise applications, communications, social networking, location-based applications and services (navigation and mapping), media and entertainment, and lifestyle and personal productivity applications. The Fund will consider all stages of development. The Fund is to be co-managed by JLA Ventures and RBC Venture Partners.