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PRINT THIS PAGE RIM, RBC, Thomson Reuters to anchor $150m mobile applications and services fund12/05/2008. Source: AltAssets. 
Research In Motion, Canadian RBC and Thomson Reuters are planning to launch a $150m venture capital fund to invest in mobile applications and services for the BlackBerry and other mobile platforms. The BlackBerry Partners Fund is to be co-managed by JLA Ventures and RBC Venture Partners. JLA Ventures managing partner John Albright, who will assume the role of co-managing partner of the BlackBerry Partners Fund, said, 'The BlackBerry Partners Fund will focus on evaluating companies in all regions of the world and investing in the long-term success of those that demonstrate market leadership and unique differentiation.'
Kevin Talbot, RBC vice president and managing director of RBC Venture Partners and also future co-managing partner of the BlackBerry Partners Fund, said, 'The BlackBerry Partners Fund will focus exclusively on mobile applications and services and our close alliance with RIM will bring unparalleled access and value to our portfolio companies.'
RIM is a designer, manufacturer and marketer of wireless solutions for the mobile communications market.
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