Bell announced yesterday the launch of Bell Ventures, its corporate venture capital initiative to encourage development of early-stage and growth companies that harness the power of Bell’s networks to drive expansion and adoption of advanced technological solutions.
“We’re delighted to introduce Bell Ventures, and support companies that are developing innovative technology solutions that make the most of our 5G and fiber networks,” said Mirko Bibic, President and Chief Executive Officer, BCE and Bell Canada. “There are many companies in Canada, and around the world, that can benefit from Bell’s investment, expertise and access to technology. As the largest communications company in Canada, we have the opportunity to support Canadian growth and innovation.”
Bell Ventures will invest in technology solutions that will further differentiate Bell’s 5G and fiber networks and deliver solutions for its customers, including in the areas of network security, IoT, robotics, telematics, clean technology, augmented/virtual reality, and the metaverse.
Companies that Bell Ventures invests in benefit from Bell’s management and technological expertise and are able to leverage Bell network assets and strategic relationships to build use cases and accelerate market adoption according to Bibic. Recent investments by Bell Ventures include AST SpaceMobile, Metaverse Mind Lab, Sanctuary AI, Tiny Mile, and Grandé Studios.
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