Funding for mash-ups increases

Private investment in European Web 2.0 projects doubled during the first half of 2007.

Private investment in European Web 2.0 projects doubled during the first half of 2007.

The level of investment rose to £25.7m according to Dow Jones VentureOne and Ernst & Young.

The success of social networking and mash-ups has increased investors propensity to invest in Web 2.0, which are increasingly being adapted to the corporate market.

US-based ventures are also being encouraged to back similar projects around the world, similar to the trend during the first dotcom rush in the late 1990s.




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