The Internet search giant said last year it was considering launching a fund but provided few other details, the
Wall Street Journal
Google is expected to announce that William Maris, a former entrepreneur whom Google hired to start the fund, and Rich Miner, a former executive in its mobile unit, will be partners with the fund, the
reports, citing people familiar with the matter.
A Google spokesman told the newspaper that Google has been discussing the possibility of a venture capital fund but doesn't have anything to announce "quite yet."
The fund, expected to be called Google Ventures, is seeking to operate less like a traditional corporate venture arm that backs companies related to its product lines, according to the
. Instead, the company is going to manage for returns and consider a wide range of investments, people familiar with the matter said.