EU Google Competitor Gets $165 million Kick Start

[megri]

Theseus, a based project that is aiming to develop the world’s most advanced multimedia search engine for the next-generation Internet. will received a cash injection of $165 million from the German Government, under approval by the EU.

According to an AP report, the initially fund Siemens AG, SAP AG, Deutsche Thomson oHG and EMPOLIS GmbH to kick start the project with later funding to be given to small and medium businesses to build on the initial research.