Google venture fund seeks forward-thinking biotech entrepreneurs

September 27, 2012

(Credit: Google)

Google’s venture fund is planning to invest $1 billion in a wide-range of start-ups over the next five years and seeks entrepreneurs that “have a healthy disregard for the impossible,” with forward-thinking ideas, especially in biotech,William Maris, says Google Ventures managing partner.

Maris said some of the areas he is interested in include businesses that are focused on radical life extension, cryogenics, and nanotechnology,  CNBC reports.

One biotech company Google Ventures is invested in is Foundation Medicine, a molecular information company that is focused on personalized cancer diagnosis so that patients can receive personalized cancer treatments.

“Part of my job is to discern the fine line between crazy and genius,” Maris said. “We’re looking for entrepreneurs that want to change the world for the better and that’s important. So I do think our values are a little bit different than the typical sort of venture capitalist you might meet.”