Thursday, November 1, 2007

Fund Raising: join a large company challenge, and get it all done

Large companies, like Cisco Systems, have entrepreneurship and venture capital programs. Similar to what an incubator would do. They typically look for start-ups in areas that they support. For example, Cisco just announced the I-Prize, for start-ups in the web 2.0 collaboration space.These programs are usually ideal for entrepreneurs who like the 'Intra-preneurial" concept (e.g. innovation and entrepreneurship inside large corporations). Winners gain a ton of benefits, including not only funding for the start-up, but free publicity, instant brand recognition under the large company name, and potential buying or partnership conversations.

read more | digg story

No comments: