New York - The Soros Economic Development Fund (SEDF), Omidyar Network, and Google.org (NASD: GOOG) on Tuesday announced a new $17 million investment company for small and medium-size businesses in India, "to create job opportunities and spur greater economic participation for a larger segment of the population."

The investment company will target equity investments between $500,000 and $3.5 million.

"We have seen what microloans can do at the individual level and are excited about bringing that same opportunity to small and medium businesses," said Jim Bunch, director of investments at Omidyar Network.

Related Links:
http://www.soros.org/newsroom/news/india_20080219

http://www.omidyar.net

http://www.google.org