Mozilla, the Firefox development organization of Firefox, set up a venture capital fund with $35 million to support start-ups.

Thanks to CTOnews.com netizen Coje_He for the clue delivery! CTOnews.com, March 7 (Xinhua)-- Mozilla Foundation, the developer of Firefox, the Firefox browser, announced the launch of the Mozilla Ventures venture capital fund in early 2023 to support startups in pushing the technology industry for the better.

According to reports, the program supports early-stage startups whose products or technologies promote one or more of the values of the Mozilla Declaration, such as privacy, inclusiveness, transparency, accessibility and human dignity. Its long-term strategy is to "support an ecosystem of products and technologies that respect users and make the Internet a healthier place".

Mozilla has pledged $35 million (CTOnews.com Note: currently about 243 million yuan) to support the fund, is making a small investment and has talked to partners interested in co-investing in the fund.

According to the official website, Mozilla is a non-profit organization that develops Firefox browser Firefox, with the goal of enabling the Internet to continue to serve the public, rather than building products and policies for profit.