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IBM to provide start-ups cloud-computing

Information technology and consulting multinational IBM on Wednesday unveiled a global entrepreneur initiative to provide start-up companies industry-specific cloud-computing technologies.

"The initiative will provide start-ups free access to cloud-computing technology to capture emerging business opportunities in fast-growing industries such as energy and utilities, healthcare, telecom and government," IBM Venture Capital group managing director Claudin Fan Munce told reporters here.

With its smarter planet strategy and years of investments in research, IBM is skilled in building product and services offerings for businesses based on new ideas. Its industry frameworks are software platforms targeted to industry specific market opportunities such as smarter water, smarter buildings and smarter health care.

Norwest Venture Partners managing partner Pramod Haque said venture capital investments in the technology industry would be targeted at entrepreneurs in India, China, Israel, Britain, Germany, France and the US this year.

"To make these investments count, start-ups must have the right skills to bring new technologies to market quickly. Venture capitalists, businesses, government and academia must collaborate to ensure entrepreneurs are prepared to succeed," Indian-born Haque said.

IBM will collaborate with 19 global industry and technology associations to identify and connect local start-ups to the programme through its smart-camps and forums at its innovation centres.

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