Google announces two partnerships

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Mumbai, Oct 29 (UNI) Google today announced two partnerships as its commitment to foster innovation in India.

Google has invested in the early stage venture capital fund Ventureast TeNet Fund II -- a seed-stage fund run by the Tenet Group of IIT, Madras and Ventureast Fund Advisors.

Google has also joined the Indian Angel Network, an organization of professionals and companies dedicated to supporting entrepreneurship in India.

In a statement here today, Google head of corporate development for South Asia Samir Sood said, ''The early stages of venture capital financing are underserved in the Indian market, despite their critical importance to the innovation chain. These partnerships will help us nurture the growth of start-ups and build a dynamic entrepreneurial environment in India.'' UNI AR MAZ VKG1610

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