Technology is one of the sturdy pillars of the corporate avenue that holds its foundation together. Without innovation, it’s a bleak and pointless route for enterprises. With businesses growing at a record pace, the demand for cutting-edge technology mounts proportionately. Mobile platforms are already reshaping the world and laptop is in danger of being sidelined permanently. This idea was further reinforced when a study claimed that iPad has become a favourite gadget in global workforce. In this light, Intel has opened its cash gate and announced willingness to dole out $300 million to fund more “Ultrabook” projects.

President of Intel Capital and Intel Executive Vice President, Arvind Sodhani provided clear direction as to where the sum of money will go and the direction that the organization is treading. He said, “The Intel Capital Ultrabook fund will focus on investing in companies building technologies that will help revolutionize the computing experience and morph today’s mobile computers into the next ‘must have’ device.”

But, Intel is not only concerned with coming up with an iPad-killer, the chip manufacturer desires to incorporate security features on laptop-tablet hybrids. The burgeoning market of mobile audience inspires Intel to develop more devices with advanced pieces that could eventually capture the lead again. The tablet showdown that made mobile OS hot item in summer is a testament to the flourishing fan base of this industry.

The company went on to launch the first-ever laptop-tablet hybrid in May, the Ultrabook. They are more confident now in taking huge leaps of risks following an impressive first quarter financial performance, beating low expectations of experts. The Ultrabooks are expected to be sleeker, more sophisticated, thinner, more secure, and has longer life battery. The funding will be utilized within the next 3 to 4 years to give birth to new breed of innovative technology.

It seems like there’s a worldwide rage against the iPad. Hewlett Packard’s campaign to release TouchPad took some time to ensure that its beefed up enough to go head-to-head with the number one tablet. Samsung also answered to the challenge via their flag carrier Galaxy Tab. But, none of the two quite succeeded. Along with the news of Apple abandonment of Intel for the latest MacBook model, the company decides to go to the next level of the competition.