UK Broadcaster Turns Angel, Backs GymFu And School Report Card
December 01, 2009 at 08:15 AM EST
It's interesting that Channel 4, a UK public sector broadcaster has set up an investment fund to back startups. It's even more interesting that the 4iP fund will tomorrow announce seven new investments totaling $830,000 as part of its mission to kick-start new investment in public service-oriented digital media. This is a bit like PBS investing in startups which can a) contribute to the public good and b) create an exit which pays back the investment far more than a traditional investment. TechCrunch Europe has acquired details of two of the investments. The first is GymFu , an iPhone app maker which creates apps like PushupFu designed to encourage people to get fit which we reviewed here . The other is to-be-launched The School Report Card, a new web service that should help parents make better informed decisions about which school to send their children. Here's what else we've learnt.