By Felicity Ussher, 14 February 2000 15:27
NEWS Global Internet incubator, Softbank, has teamed up with the World Bank to fund Net start-up companies in developing countries. The joint subsidiary, known as Softbank Emerging Markets (SBEM) will initially have a $500m budget to boost new markets in Africa, Asia and Latin America. SBEM will be based in California, US. It aims to transfer successful online models to targeted countries and support local entrepreneurs.
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