http://www.blogcdn.com/www.engadget.com/media/2013/04/google-glass-collective.jpg Google believes that it’s naive to build a wearable technology like Google Glass and expect successful businesses to simply materialize from thin air; those firms will need a financial nudge, too. Accordingly, Google is forming the Glass Collective to invest in projects centering on its eyewear. The partnership will see Google Ventures, Andreessen Horowitz and Kleiner Perkins Caufield & Byers unite on seed funding for those US-based startups which show promise in areas like communication and navigation. The group hasn’t named any targets for its cash, but it’s obviously very early days for both Glass and the Collective – Google needs more developers in the field before it can shower companies with support.
Filed under: Wearables, Google
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Via: Google Official Blog
Source: Glass Collective