The Taiwanese hardware company wants to fund and invite U.S. startups from Silicon Valley to Asia

When computer hardware company ASUS held its presentation at IFA 2017, the industrial exhibition in Berlin, it announced its plan to fund startups from the United States and invite them to Asia. Not all types of companies will be considered. ASUS wants to bring over companies focused on specific areas, which include artificial intelligence, the Internet of Things, big data, and augmented and virtual reality.

ASUS want these small companies to benefit from collaborating with them, a large hardware manufacturer with an established reputation in Asia. The plan will have ASUS launching a $50 million venture fund for these startups, which will be managed by Fenox Venture Capital, an American firm.

ASUS also plans to look at startups in in Japan, Taiwan and China.

ASUS

When computer hardware company ASUS held its presentation at IFA 2017, the industrial exhibition in Berlin, it announced its plan to fund startups from the United States and invite them to Asia. Not all types of companies will be considered. ASUS wants to bring over companies focused on specific areas, which include artificial intelligence, the Internet of Things, big data, and augmented and virtual reality.

ASUS want these small companies to benefit from collaborating with them, a large hardware manufacturer with an established reputation in Asia. The plan will have ASUS launching a $50 million venture fund for these startups, which will be managed by Fenox Venture Capital, an American firm.