Amazon Industrial Innovation Fund will invest in logistics technology developers while the corporate's AWS Impact Accelerator is targeting founders from underrepresented backgrounds.

US-headquartered e-commerce and cloud services group Amazon announced $1bn investment vehicle yesterday that will back customer fulfilment, logistics and supply chain technology developers.

The move came the day after the corporate’s cloud services subsidiary, Amazon Web Services (AWS), launched an accelerator with over $30m in capital that will concentrate on founders from underrepresented communities.

Amazon Industrial Innovation Fund will invest at early and late stage, targeting technologies capable of improving the speed and efficiency of product delivery. Robotics, artificial intelligence,…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.