In order to find investment opportunities to improve its 5G and fiber optic networks, as well as technological applications that can be offered to businesses, Bell announced on Tuesday the creation of a subsidiary, Bell Venture Capital.
Posted at 10:54 a.m.
We are looking for “start-up and growing” companies that work in security, robotics, clean technologies, augmented and virtual reality and the metaverse. According to the press release published for the occasion, we have already invested in at least five young shoots, for amounts that have not been specified.
Montreal’s Grandé Studios, for example, offers an array of cinema services and technologies. Texas-based AST SpaceMobile specializes in satellite-based smartphone communication. Toronto’s Metaverse Mind Lab builds “metaverse solutions” using artificial intelligence.
Bell Venture Capital will be led by Curtis Millen, Senior Vice President, Corporate Strategy and Treasurer of Bell.