James Delahunty
23 Feb 2010 14:55
Intel Corporation and a group of 24 venture capital firms have announced an investment plan for companies in the United States. Venture capital firms including Advanced Technology Ventures, Braemar Energy Ventures and Bridgescale Partners will invest $3.5 billion in companies that develop promising technology in the United States.
Intel President Paul Otellini said that the firm would cough up $200 million itself toward the plan. "The members of this alliance have committed to invest $3.5 billion in promising clean technology, information technology and biotechnology companies over approximately two years," Otellini said in a speech at the Brookings Institution think tank.
Additionally, Intel also announced plans for it and other companies to double their hiring of college graduates in the country, creating more than 10,500 new jobs. Otellini estimated the total annual paychecks would total more than $1 billion.
The companies that have vowed to take on more college graduates are..