People sit under a Google logo at the Google stand of the Frankfurt Book Fair on October 15, 2008. Google is searching for good ideas. The Internet search giant has announced the launch of a venture capital fund to back "young companies with truly awesome potential. "  Google Ventures will focus on finding and helping develop "exceptional startups" in software, clean technology, biotechnology, health care, consumer Internet offerings and other industries. Google, announcing the launch of the fund late on March 30, 2009, did not say how much money was being committed. Getty Images logo Getty Images 7 months ago

People sit under a Google logo at the Google stand of the Frankfurt Book Fair on October 15, 2008. Google is searching for good ideas. The Internet search giant has announced the launch of a venture capital fund to back "young companies with truly awesome potential. " Google Ventures will focus on finding and helping develop "exceptional startups" in software, clean technology, biotechnology, health care, consumer Internet offerings and other industries. Google, announcing the launch of the fund late on March 30, 2009, did not say how much money was being committed.