<article><a style="color: #000080;" href="http://www.jetblue.com/">JetBlue Airways Corp</a> said on Thursday it launched a venture capital unit that would invest in technology startups in the travel and hospitality industry.</article>

<a style="color: #000080;" href="http://www.jetblue.com/">JetBlue Airways Corp</a> said on Thursday it launched a venture capital unit that would invest in technology startups in the travel and hospitality industry.
The company has set aside a &#8220;multi-million dollar investment&#8221; to start funding ideas that have the &#8220;right strategic fit,&#8221; Bonny Simi, the president of the unit, told Reuters on Wednesday.
Simi did not specify how much JetBlue exactly intends to set aside for the fund.
<div id="tt-wrapper6cf948d" class="tt-wrapper inread ">
ADVERTISING
The unit, JetBlue Technology Ventures, will operate from the GSVlabs campus in Redwood City, California.
</div>
The low-cost airline, known for introducing satellite TV and free onboard Wi-Fi Internet, said it would partner with other venture capital firms, universities and organizations inside and outside Silicon Valley to scout for startups.
Simi, who is also a JetBlue pilot, will report to Eash Sundaram, the company&#8217;s chief information officer and the head of JetBlue Technology Ventures advisory committee.
Also Read: 
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/30014-30014/">Six new overseas VCs seek to operate in Indonesia despite tough rules</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/dfj-raises-350m-early-stage-fund-dfj-venture-xii-30262/">VC firm DFJ raises $350m early-stage fund DFJ Venture XII</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/10-years-of-venture-capital-investing-in-india-time-to-pause-reflect-correct-27388/">10 years of venture capital investing in India: Time to pause, reflect &amp; correct</a>
Reuters

JetBlue Airways Corp said it has launched a venture capital unit that would invest in technology startups in the travel and hospitality industry.

Budget airline JetBlue sets up VC unit to fund startups in travel, hospitality

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Budget airline JetBlue sets up VC unit to fund startups in travel, hospitality

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief