GM is launching General Motors Ventures with $100 million.  The doors on GM Ventures are set to open on July 1^st, which will put GM ahead of its counterparts in establishing a venture division specifically to target new technologies (electric power, entertainment, consumer integrations, biofuels, etc.).

 This could be a great move for GM and for the other auto companies that follow. Major IT companies and Fuel companies took a similar approach years ago to accelerate technologies that complement their core business. IBM started IBM Venture Capital Group, Intel started Intel Capital and Shell started Shell Technology Ventures Fund.

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Kurt B. Uhlir

Co-Founder at Sideqik

Co-founder Sideqik, with exits at Vitrue & Navteq to Nokia & Oracle; SoTech founder. 10+ U.S. and international patents, including fundamental patents covering check-in services and major parts of mobile advertising; part of dozens of acquisitions and significant international on the ground experience The Sideqik platform connects marketing partners and makes those partnerships more effective. Where partners market together - Together Marketing

@KurtUhlir

Adrenaline fueled founder/advisor, lead inventor on 12 US & Int patents, husband & full-time Jedi. Add in faith in Jesus, outdoors, adventure & fun @TeamSideqik

Listening to @BrianSolis talk about how marketing is a new blank slate. We (marketers/companies) are blazing the trail to the future today - 4 hours ago

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Kurt B. Uhlir

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Latest posts by Kurt B. Uhlir (see all)

• Why Now is a Good Time to Start a New Company - January 31, 2013
• Great Example About Rethinking Your Business: Foursquare de-emphasizing check-ins to enter big data - June 8, 2012
• Mobile Devices Transform Shopping Process (Report) - February 21, 2011

General Motors General Motors Ventures GM ibm IBM Venture Capital Group Intel Intel Capital Shell Shell Technology Ventures Fund technology venture