Over the past year, Nvidia has brought forth several parallel computing efforts to accelerate and expand its share in the semiconductor-related industry that have allegedly challenged Intel and AMD's efforts in revenue advancement. Needless to say, the success of these investments is difficult to measure but the concept of parallel computing continues to grow at a rapid pace throughout the industry.

In an attempt to utilize the fruits of this advancing technology, Nvidia has decided to initiate a GPU Ventures Program by which they hope to “identify, support and invest” in companies that are working on GPU-based computing applications. An large example of general purpose GPU technology in practical use of can be found at Nvidia's Cuda Zone, where thousands of developers create applications including image manipulation, physics simulation, and advanced computation among other GPU-based computing purposes.

All in all, Nvidia is hoping that it can channel the power of many GPU-based computing startup groups into its new venture program in an effort to form solid partnerships and possibly gain some investment capital. According to Jeff Herbst, Vice President of business development at Nvidia, the company hopes that venture capitalists might like to get in early on what Nvidia thinks is the next phase of computing.

Nvidia's GPU Ventures Program site is officially launching today and can be found here.