Google gets into VC funding.

Now this could be interesting. Eager to grow new and emerging companies Google has set up Google Ventures.

Google Ventures seeks to discover and grow great companies - we believe in the power of entrepreneurs to do amazing things. We're studying a broad range of industries, including consumer Internet, software, hardware, clean-tech, bio-tech and health care. We invest anywhere from seed to mezzanine stage and embrace the challenge of helping young companies grow from the garage to global relevance.

Could be an interesting proposition. More details from the website.