RIM launching $150 million VC fund for mobile apps

Following the lead of Google and Apple in providing a hefty chunk of some sort of funding up front for app developers, RIM is teaming up with RBC and Thomson Reuters to provide a $150 million fund to invest in "mobile applications and services." Interestingly, RIM isn't limiting those apps and services just to the BlackBerry, and instead the fund is designed to "advance the industry." The fund will be open to companies from all over the world, and sounds like it'll be open to pretty much any type of mobile application or service developer that plans on kicking ass in its respective field. We're curious as to how BlackBerry slanted the fund will end up being, but hey, it's their money, so we really couldn't complain either way.

[tom @ May 12th 2008 9:05AM]

Good job Jim, investing in the mobile market will proven to be a better investment than buying out Buffalo Sabres

P.S. - they are over for 2007-08 season

[Paul @ May 12th 2008 11:22AM]

I doubt this money will be wisely spent. Prove us wrong RIM.