Intel Announces Ultrabook Fund, $300M to Kick off Innovationby Anand Lal Shimpi on August 10, 2011 10:30 PM EST
At this year's Computex Intel announced a "new" category of notebook computer designed to further blur the lines between traditional notebooks and tablets: the Ultrabook. Requirements for an Ultrabook are straightforward: it needs to be thin and light, it needs to have an SSD and it needs to be available at less than $1000. Think MacBook Air, but for all manufacturers. Intel eventually wants Ultrabooks to mimic the always on, always connected features of tablets and smartphones, but concedes it'll take a couple of years to get there.
The first Ultrabooks will ship this year, including ASUS' new UX Series in late September. We'll see more performance and features next year with Ivy Bridge, and the segment will really go mainstream with Haswell in 2013.
Tonight Intel Capital is announcing the creation of a $300M Ultrabook Fund to help further innovation in this space. The funds will be available over the next 3 - 4 years for both startups and established companies across the globe. Intel Capital wants to invest in companies "building hardware and software technologies focused on enhancing how people interact with Ultrabooks such as through sensors and touch, achieving all day usage through longer battery life, enabling innovative physical designs and improved storage capacity." Basically if you've got an idea that could make Ultrabooks cooler than a regular thin and light notebook, Intel Capital wants to talk to you.