BMI divided up, fund re-launched with financing
Bell Mobility Investments was split up earlier this year, with the company’s equity investment arm being rolled into BCE Venture Capital, while the R&D side has been relaunched as the Bell Mobility R&D Accelerator Fund. Late last year, Ted Maksimowski, head of BMI, decided to leave to pursue other interests (RoW, Jan. 30/03). The latest Bell investment fund is worth more than $3 million and is expected to be launched this week. The Ottawa Business Journal has reported that the fund’s associate director Bryan Pilsworth disclosed at the Ottawa Wireless Cluster meeting last week that Toronto-based CellWand Communications will receive a cash infusion from the fund.