Spotlight: BlackBerry Partners Fund to invest in app development


Success in selling smartphones and tablets depends on more than the quality of the hardware. In reality, it's all about the ecosystem that surrounds the device. Research In Motion (NASDAQ: RIMM), maker of the BlackBerry smartphone, has learned the hard way that the lack of apps to complete the ecosystem can lead to a downturn in sales, which is exactly what has been happening to their once-dominant product line. Now the BlackBerry Partners Fund will invest $150 million in startups that develop apps for the BlackBerry smartphone. Article (Bloomberg)