Business Plan Competition Winners Announced
Draper Fisher Jurvetson and Cisco will hold a Global Business Plan Competition
Partner companies to foster entrepreneurship; winner will receive $ 250,000 Investment
Leading in the early stages of the risk of Draper Fisher Jurvetson (DFJ) and Cisco today announced that each company will use its extensive global reach to start the joint global competition for business students to develop innovation and entrepreneurship. The competition will depend Cisco TelePresenceTM that provides work together through live, face to face experience network connection to the finalists from all countries to present their business plans in real time to the Joint Board of DFJ and Cisco executives based in San Jose.
This is the first when the competition is targeting global market milestone was made possible by a DFJ Global Network and Cisco TelePresence. Cisco TelePresence helps to break down barriers distance through a common experience where participants feel as if they sit in a room, even though they may be thousands of miles away from each other. Competition aims to find new technology-driven ideas aspiring college students and entrepreneurs around the world. Sixteen finalists will be announced 19 June, 2009. The winner, will was announced June 30, 2009, will receive at least $ 250,000 of seed capital. Winner also get professional reverse communication and mentoring from both DFJ and Cisco.
HREF = "Http: / / reviews-mann.blogspot.com/2010/02/toshiba-qosmio-x500-gaming-portable.html"> "In the last four years, DFJ had only regional competition. We are pleased to partner with Cisco and expand this to include the possibility of a global regions covered by our Global Network DFJ "said Tim Draper, Managing Director of DFJ. "Our global network of 16 partners is ideal for this kind of competition, as the unprecedented reach our extensive network of country of four continents. We believe that technology has no boundaries and that there are talented entrepreneurs everywhere who want to change the world, and we look forward to working with them. "
"Cisco is proud to partner with DFJ and continue our longstanding investment globally in the process of innovation economy," Said Hilton Romanski, vice president of corporate development of Cisco. "This is a unique and important competition and underlines our commitment to support good ideas although complex markets and sophisticated environment to attract funds. Cisco, our roots and start early 1980s, to help us to assess that the big companies are often founded in difficult times. Cisco continues to believe in the potential and power of the great ideas and business, and we expect to use TelePresence, Cisco, our innovative and market leading collaboration solution of technologies to make this possible global competition. "
In general, Cisco has approximately $ 1.3 billion in venture capital investments under the guidance of and was an early and active investor in major markets like USA, China, India, Israel, Russia and Europe. Cisco is a strategic investor in startups and venture capital funds around the world and focuses on partnership relationships with young, innovative companies.
Competition Finalists will be selected for various criteria, including quality of management teams, technical innovation, the addressable market size, competitive positioning, barriers, the efficiency of capital and financial forecasts. Click here to find out more about the contest. Until a business plan competitions, made great progress, including DFJ-backed DirectHit winners, which was acquired AskJeeves in 2000 for $ 532 million, and Webline Communications entering Cisco for $ 325 million in The 1999th
About Draper Fisher Jurvetson
Draper Fisher Jurvetson ("DFJ") backs exceptional entrepreneurs around the world, intends to changing world. DFJ achieves its mission through its DFJ Global Network Partner Funds. Together, DFJ and the Network manage over $ 6B and have made more 600 investments on four continents. The 24-year success story in many different industries and market conditions, DFJ has a way to invest in new technology, internet and Sciences about life in clean energy and nanotechnology. DFJ has been proud to have over 500 companies in many industries, including such changes successes as Hotmail (acquired by MSFT), Baidu (BIDU), Skype (acquired by eBay) United Internet (UNTD), Overture (acquired by YHOO), Athena Health (ATHN), EnerNOC (ENOC) ticket snowboards (acquired by Ticketmaster), Feedburner (acquired by Google), Interwoven (IWOV), Four11 (acquired by YHOO), Parametric (PMTC) and Digidesign (acquired by AVID).
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Business Plan Competition 2009- First and Second Place
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