Categories: Technology

Google Ventures launches major seed capital fund for entrepreneurs working on Google Glass

Google Ventures, Andreessen Horowitz, and Kleiner Perkins Caufield & Byers have formed the “Glass Collective”, an organisation which they say will support entrepreneurs who are developing innovative apps on Google’s unreleased Glass technology.

Three of America’s top venture capital funds have come together to provide seed funding for entrepreneurs who are developing on Google Glass. The ‘Glass Collective’, as the group is calling itself, will be offering “seed funding to startups working on creative, diverse, and crazy ideas that are shaping the future through Glass”.

Google Glass Collective

Here’s their announcement;

Google Ventures, Andreessen Horowitz, and Kleiner Perkins Caufield & Byers have teamed up to form the Glass Collective.

We’re excited by the promise of the Glass platform. Developers are already dreaming up new experiences for Glass, and we want to help bring those ideas to life.

The Glass Collective investment syndicate will provide financing and support to entrepreneurs shaping the future through Glass.”

According to the group’s site, developers and entrepreneurs will be able to submit ideas to any of the founding firms (Google Ventures, Andreessen Horowitz, or KPCB), and partners in each of these will review applications and forward these onto the collective.  The reason for this, according to the group is to identify the signal in the expected noise of applications.

“We have a better chance of understanding your vision If we hear about your business directly, or through our friends and associates.”

As for the types of start-ups, the collective says it’s looking for the kinds of apps that have been most successful in the smartphone ecosystem; such as, “messaging, sharing, search, and navigation”.  But the group also wants to see what new kinds of hardware can be created that works with Google Glass.

“We’re eager to see both services and hardware for Glass that define new paradigms for how technology fits into people’s lives. In particular, we’re excited about consumer and enterprise innovations that impact areas that millions of people rely upon everyday.”

Speaking about why he co-founded the group, Marc Andreessen of Andreessen Horowitz believes that Google Glass will have a greater impact on the world than smartphones and tablets are currently having;

“The thesis of Glass is profoundly transformational. And as with the Internet and smartphones, a huge amount of work will be done by third-party developers to fully realize the Glass vision. Glass brings developers a new springboard for creativity and an amazing new platform to build the defining applications of the future”

Ajit Jain

Ajit Jain is marketing and sales head at Octal Info Solution, a leading iPhone app development company and offering platform to hire Android app developers for your own app development project. He is available to connect on Google Plus, Twitter, Facebook, and LinkedIn.

Recent Posts

Club of Rome launches joint taskforce that would restrict your food, travel & ownership choices

The 'Materials and Consumption Taskforce' is an attempt to micro-manage all aspects of your life:…

3 days ago

As the tech talent shortage continues, Ness Digital Engineering nurtures its rising stars

Talent in the tech industry has long been a hot commodity. Yet in today's world,…

4 days ago

Prezent launches My Workspace to ensure AI-powered presentation software works as tool, not a burden

In an ideal scenario, professionals in 2025 should be able to leverage a personal suite…

4 days ago

NTT’s simultaneous Kabuki performance shows photonics connectivity is more than a song and dance

In a fusion of tradition and technology, Japanese tech firm NTT unveiled the capabilities of…

6 days ago

UN finalizes neurotech ethics draft, to be adopted at General Conference

The United Nations Educational, Scientific, and Cultural Organization (UNESCO) finalizes its "Recommendation on the Ethics…

1 week ago

Inside the Dead Internet Theory: Profits in a World Run by Bots

The dead internet theory is a conspiracy theory that goes: Most of the content we…

2 weeks ago