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Research In Motion starts $150 million mobile research fund

By Associated Press
May 12, 2008 | Comments (0)

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Mobile communications company Research In Motion Ltd., Royal Bank of Canada and media company Thomson Reuters PLC said Monday they will invest $150 million venture-capital fund for applications for use in mobile devices.

Waterloo, Canada-based Research In Motion said the BlackBerry Partners Fund will finance applications for its BlackBerry phones and other mobile products.

The company currently makes BlackBerry phones that use voice, e-mail and text message communication. Other products include software development tools.

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