Google increases presence in India with venture capital support

Google, Inc. (NASDAQ: GOOG) has announced investments in venture capital fund Ventureast TeNet Fund II and the Indian Angel Network in India, signifying its belief in India as a decent growth engine for future innovation. Google fosters quite a bit of effort in propping up the pillars of entrepreneurship in markets around the world, and these investments in India are no different.

The Ventureast TeNet II fund places its emphasis in technology entrepreneurship, while the Indian Angel Network runs the gamut of connected entrepreneurs and companies in terms of mentoring and inputs to strategic ventures in a variety of industries and sectors. Why is Google partnering with such varied interests in the Indian market? Probably for a high ROI, as India's entrepreneur market and technology fields really seemed poised to explode further.

Samir Sood, South Asian corporate development head for Google stated that "The early stages of venture capital financing are underserved in the Indian market, despite their critical importance to the innovation chain."

This is very true, and just like innovation hotbed Israel, India is set to churn out just as many world-changing innovations as any other country in existence if the support tools and monetary infrastructure are in place to foster that type of environment. Google's ability to seek out funding opportunities for unique creations is unique in and of itself. It will probably want to buy those creations once a workable business product or service is available. Ah-ha!