IBM VC group eyes India

IBM’S venture capital group which works with venture capital firms to build an ecosystem of start-up partners for developing innovative solutions and products, is now eyeing India as a potential geography. The group is in the process of identifying four-five VC firms in the country for the programme.

“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 ET. She was speaking on the sidelines of the company’s first India Innovation Forum held on Wednesday in Bangalore.

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