EU okays funding to build Google rival
Last Updated: Tuesday, March 11, 2008 | 5:05 PM ET
The Associated Press
France won EU approval Tuesday to give $152 million U.S. to several companies hoping to build a European rival to U.S. search giant Google Inc.
The potential benefits of allowing France to fund technology group Thomson SA and 22 other companies working on the Quaero multimedia search project in Europe outweigh any gain Thomson would win over rivals, the European Commission said.
Quaero — Latin for "I search" — would develop technology for working with all platforms, including desktops, mobile devices and televisions. Its products would be sold to TV companies, filmmakers, post-production facilities and anyone who creates or uses audiovisual content.
Just under half the funding for the five-year, $306 million U.S. project will come from the French government.
The EU executive said the cash infusion aids an effort that might not otherwise win financial support because the companies have divergent interests and their chances of success were uncertain.
Thomson hopes the research will help it offer better distribution technology to deliver television programs or films online.
EU rules forbid governments granting money to companies if that would give them an unfair advantage over competitors.
The commission said the grant would not give Thomson market power because rivals will likely keep up their investment in research and development. It cleared the German government to give $165 million U.S. to the German arm of the project, called Theseus.
That money will fund "icebreaker" companies — Siemens AG, SAP AG, Deutsche Thomson oHG and Empolis GmbH, owned by Bertelsmann AG — to kickstart research. The aid will later spread to smaller firms.
Fragmentation of European research is a key reason cited for the region lagging behind the United States in information technology development.
Share Tools
Top News Headlines
- Everest victim's husband says family not seeking government help
- The husband of a Toronto woman who died trying to climb Mt. Everest on Saturday says his family is not seeking government help to cover the cost of bringing his wife's body home. more »
- B.C. premier unhappy with disgraced Mountie's transfer
- B.C. Premier Christy Clark says she is not happy with the RCMP decision to transfer a disgraced Alberta Mountie to the West Coast. more »
- Henrique's OT goal sends Devils into Stanley Cup final
- The New Jersey Devils will vie for a potential fourth Stanley Cup in franchise history after defeating the New York Rangers in six games in the Eastern final, courtesy of rookie Adam Henrique's goal early in overtime. more »
- Employment Insurance review boards to be scrapped
- The federal government is scrapping two review boards used by people appealing decisions made about their employment insurance. more »
Latest Technology & Science News Headlines
- Unloading of docked SpaceX capsule to start Saturday
- The privately bankrolled SpaceX Dragon capsule made a historic arrival at the International Space Station on Friday, and astronauts will begin unloading some of the 544 kilograms of food, water, clothing and other supplies its carrying starting Saturday.
more »
- South Africa, Australia to share world's largest telescope
- South Africa and Australia will jointly host the Square Kilometre Array, which promises to be the world's largest telescope, the international consortium in charge of the project said Friday. more »
- Bonavista, N.L., 'coyote' was really wolf, tests confirm
- Wolves have not been seen in Newfoundland since around 1930 and were believed to have been hunted to extinction on the island, but genetic tests have confirmed that an 82-pound animal shot on the Bonavista Peninsula in March was, in fact, a wolf. more »
- Once-rare argus butterfly thriving thanks to climate change
- Global warming is threatening the existence of many species, such as the giant polar bear, but in the case of Britain's brown argus butterfly, it took a species in trouble and made it thrive. more »
- Yahoo scraps digital magazine designed for iPad
- Yahoo has killed Livestand, a tablet magazine, just six months after its debut on the iPad. more »
Bob McDonald's Blog
Government to shut down unique fresh water research area May. 25, 2012 12:31 PM The Experimental Lakes Area research facility in Northern Ontario is being closed down after 44 years of providing invaluable data to scientists in Canada and internationally, a decision that has stunned researchers and environmental groups.
Quirks & Quarks
- May 26: Before the Lights Go Out May. 25, 2012 4:15 PM A new book, "Before the Lights Go Out: Conquering the Energy Crisis Before It Conquers Us", suggests that the unpredictable, unplanned, ad-hoc way our energy use developed in the past will shape our energy future.
Latest Features
- Aylmer triple stabbing leads to first-degree murder charges
- Everest victim's husband says family not seeking government help
- B.C. premier unhappy with disgraced Mountie's transfer
- Third B.C. salmon farm quarantined
- What a Greek euro exit could mean for Canada
- RCMP officer charged in fatal crash
- Canada ending 'Buffalo shuffle' for visas, closing consulate
- Reclaiming the dead on Mt. Everest
- Employment Insurance review boards to be scrapped

