The BlackBerry fund and existing investors at Eyes of Texas partners awarded Digbee a $5.5 million investment.

The companies met the criteria that the fund managers look for, said Talbot. "These four things, which frankly economic crisis or not are hallmarks of good venture investing, are things we consider," he said.

The BlackBerry Partners Fund is looking for companies that are appropriately valued and are cash-efficient. "We are insisting that companies be adequately capitalized, which means having enough capital to weather a prolonged situation in the economy," he said.

The fund also considers the end-user of the service or product to make sure that the target customer base is likely to remain strong.

Finally, the fund is making sure to invest with partners that have good funding. "We're being selective with our syndicate partners. We're seeking out high-quality investors that have the venture capital and that will be able to stay with our company in the long haul," Talbot said.