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HP invests in start-up backer

Hewlett-Packard has invested in Launchworks, a Calgary, Alberta, company that funds Canadian start-ups, the companies said Thursday. Under the deal, HP will provide hardware and software to the company. The size of the investment wasn't disclosed. Though companies such as HP, Sun Microsystems and IBM had been courting start-ups aggressively, such activities have tapered off along with the shutoff of venture capital and the increasingly skeptical investment environment.

Stephen Shankland Former Principal Writer
Stephen Shankland worked at CNET from 1998 to 2024 and wrote about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
Expertise Processors, semiconductors, web browsers, quantum computing, supercomputers, AI, 3D printing, drones, computer science, physics, programming, materials science, USB, UWB, Android, digital photography, science. Credentials
  • Shankland covered the tech industry for more than 25 years and was a science writer for five years before that. He has deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and more.
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Stephen Shankland
Hewlett-Packard has invested in Launchworks, a Calgary, Alberta, company that funds Canadian start-ups, the companies said Thursday. Under the deal, HP will provide hardware and software to the company.

The size of the investment wasn't disclosed. Though companies such as HP, Sun Microsystems and IBM had been courting start-ups aggressively, such activities have tapered off along with the shutoff of venture capital and the increasingly skeptical investment environment.