PDF: 2962 pages, 5.2 MB - Bay Area Council Economic Institute
PDF: 2962 pages, 5.2 MB - Bay Area Council Economic Institute
PDF: 2962 pages, 5.2 MB - Bay Area Council Economic Institute
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Global Reach<br />
• Intel, Tata Consulting Services (TCS), and software startup Microsense have teamed to<br />
deliver remote WiMax telemedicine services via the Narayana Hridalaya Hospital in<br />
Bangalore and the TCS-designed portal WebHealthCentral, serving as many as 200,000<br />
residents.<br />
• A long-distance WiMax network linking 13 rural villages in Tamil Nadu has enabled the<br />
Aravind Eye Hospital (in a project with UC Berkeley; see Chapter 4) to remotely diagnose<br />
more than 30,000 cases of cataracts, glaucoma, and cornea problems and restore<br />
vision to some 3,000 patients.<br />
In October 2007, Intel launched the India Design Program, an alliance network with Indian design<br />
houses to bring to market new applications for Intel’s embedded systems. It is inviting the<br />
design houses to produce reference designs for a range of emerging market products, including<br />
low-cost PCs and cell phones.<br />
Intel’s venture capital arm, Intel Capital, has invested over $100 million in approximately 60 Indian<br />
ventures since 1998 and, in 2005, it established a $250 million Intel Capital India Technology Fund<br />
as part of a $1 billion long-term commitment to India. The fund looks for innovative technology<br />
startups and companies, invests at all stages of funding, and plays an active role in making its companies<br />
successful. A number of its companies have gone public or been acquired, including:<br />
• Deccanet Designs, a communications design and software services company;<br />
• Sharekhan, an online brokerage firm;<br />
• Nipuna, offering business process outsourcing (BPO) and other services;<br />
• FutureSoft, a telecommunications product and services company;<br />
• Online portals Rediff and India Infoline.com Ltd.; and<br />
• R Systems, a provider of outsourced and offshore product development and customer<br />
support services.<br />
Intel Capital has had 13 exits so far, with six in 2007 that include online brokerage India Infoline<br />
Ltd., wireless 3G and broadband DSL software firm Sasken Communication Technologies, and<br />
computer education firm NIIT Technologies. The new fund has invested in 20 companies as of<br />
the end of 2008, among them IntraSoft Technologies, which owns 123greetings.com.<br />
Educational development has been a key focus of Intel’s engagement in India. At the primary<br />
and secondary levels, it has developed teaching tools and materials to interest students in math<br />
and science, assisted teachers with professional development, donated computers to schools, and<br />
funded a Community Education for Youth program for underprivileged children. At the university<br />
level, it has helped train professors in multicore programming and donated computers;<br />
sought out and funded collaborative university research projects; sponsored student internships<br />
and research competitions; and established a rewards program for employees serving as technical<br />
mentors to faculty and students.<br />
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