Merrill Lynch & Co. on Wednesday started a venture capital fund that will invest in technology and technology-related companies that are the brainchildren of its own employees.

Merrill has three partners in the Internal Venture Capital Fund: Startupfactory, a venture capital firm working with entrepreneurs in the information technology and telecommunications industries; Cap Gemini Ernst & Young, a management and IT consulting company; and efinanceworks, which develops online finance businesses overseas.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.