Google
is launching a venture capital fund to invest in promising European technology
companies.
The
$100m (£58m) fund will "invest in the best ideas from the best European
entrepreneurs", according to Bill Maris, managing partner at Google
Ventures, overseeing the project.
"We
believe Europe's start-up scene has enormous potential."
The
new operation will be based near London's Silicon Roundabout start-up district.
But
Google is open to