Asus eyes startups with $50m fund

The fund is scanning for startups around the world, but it will focus on Asia, Europe, and US, reports Tech In Asia

$6 billion gadget maker Asus is eyeing up startup investments with a $50 million fund, it announced this week.

“This is a strategic fund for Asus,” says Anis Uzzaman, general partner at Fenox, which is managing the fund. “Asus wants to invest in startups in the areas of AI, IoT, big data, cloud computing, AR, VR, and other related technologies that require hardware-software integration and can benefit from collaboration with Asus.”

While the fund might pocket some returns, the phone and laptop specialist is aiming mainly to latch onto startups “that can collaborate with them both in business and technology