Google Venture Fund Could Widen Channel

While Google's foray into the channel with Google Docs and its search appliance has gotten a lackluster response, solution providers in the near future may find themselves involuntarily partnering with Google through acquisitions and the extended Google investment network.

Google created a venture capital fund to back startup companies developing innovative products in Internet services, software, hardware, green IT, clean energy technologies, biotechnologies and health care.

"We think we can find young companies with truly awesome potential and encourage their development into successful businesses," wrote Bill Maris and Rich Miner, the two executives charged with leading the venture fund, in a post on Google's blog.

Click here to read the full story