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Home Page > Technology > Electronics > Draper Fisher Jurvetson and Cisco to Hold Global Business Plan Competition

Draper Fisher Jurvetson and Cisco to Hold Global Business Plan Competition

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Posted: Jul 31, 2010 |Comments: 0
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Companies Partner to Encourage Entrepreneurship; Winner to Receive $250,000 Investment

Leading early-stage venture capital firm Draper Fisher Jurvetson (DFJ) and Cisco today announced that each company will utilize its extensive global reach to jointly launch a global business plan competition for students aimed at fostering innovation and entrepreneurship. The competition will rely on Cisco TelePresenceTM, which enables collaboration through a live, face-to-face network communications experience, to allow finalists from around the world to present their business plans in real time to a joint panel of DFJ and Cisco executives based in San Jose.

This is the first time the competition is aimed at a global market, a milestone made possible by both DFJ’s Global Network and Cisco TelePresence. Cisco TelePresence helps break down the barriers of distance by creating a collaborative experience where participants feel as though they are sitting in the same room even though they may be located thousands of miles apart. The competition seeks to find new technology-oriented ideas from aspiring college and university student entrepreneurs around the world. Sixteen finalists will be announced on June 19, 2009. The winner, who will be announced on June 30, 2009, will receive a minimum of $250,000 seed money. The winner will also receive professional feedback and mentorship from both DFJ and Cisco. 

“For the past four years, DFJ has held only regional competitions. We are excited to partner with Cisco and expand this opportunity globally to include regions covered by our DFJ Global Network,” said Tim Draper, managing director, DFJ. “Our 16 Global Network Partners are ideally positioned to host this type of competition, given our Network’s unparalleled extensive reach to countries across four continents. We believe that technology has no borders and that there are talented entrepreneurs everywhere who want to change the world, and we look forward to partnering with them.”

“Cisco is proud to partner with DFJ and to continue our long-standing strategy of investing globally in the innovation economy,” said Hilton Romanski, vice president of corporate development at Cisco. “This is a unique and important competition, and one that underscores our commitment to support great ideas despite difficult markets and challenging fundraising conditions. Cisco’s own roots, as a start-up in the early 1980s, help us appreciate that great companies are often founded in tough times. Cisco continues to believe in the potential and power of great ideas and entrepreneurs, and we look forward to utilizing Cisco TelePresence, our innovative and market-leading collaboration technology solution, to make this global competition possible.”

Overall, Cisco has approximately $1.3 billion in venture capital investments under management and has been an early and active investor in major markets such as the U.S., China, India, Israel, Russia and Europe. Cisco is a strategic investor in start-ups and venture funds around the world and focuses on partnering with young, innovative companies.

Competition finalists will be selected on various criteria including the quality of the management team, technical innovation, addressable market size, competitive positioning, barriers, capital efficiency and financial projections. Click here to find out more about the competition. Prior business plan competitions have produced great successes, including DFJ-backed winners DirectHit, which was acquired by AskJeeves in 2000 for $532 million, and Webline Communications, acquired by Cisco for $325 million in 1999.
About Draper Fisher Jurvetson

Draper Fisher Jurvetson (“DFJ”) backs extraordinary entrepreneurs everywhere who set out to change the world. DFJ achieves its mission through its DFJ Global Network of Partner Funds. Together, DFJ and the Network manage over $6B and have made more than 600 investments on four continents. With a 24-year history of success across diverse sectors and market conditions, DFJ has led the way investing in emerging technologies, from the Internet and life sciences to clean energy and nanotechnology. DFJ has been proud to back over 500 companies across many sectors including such industry changing successes such as Hotmail (acquired by MSFT), Baidu (BIDU), Skype (acquired by EBAY), United Online (UNTD), Overture (acquired by YHOO), Athenahealth (ATHN), EnerNOC (ENOC), TicketsNow (acquired by TicketMaster), Feedburner (acquired by Google), Interwoven (IWOV), Four11 (acquired by YHOO), Parametric (PMTC), and Digidesign (acquired by AVID). 
About Cisco Systems

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L.A.-based community activist Orland Bishop explains how the American economic system that assigns value to competition and scarcity of resources undermines oneness, which is inherently relational and abundant. Although the capitalist system as a whole resists investing in human development, people can create new systems that reinforce each individual’s value instead of encouraging struggle and competition by making alternative agreements based on collective inspiration. (05:24)

Power of Husk and Global Funding in Bihar Villages

Husk Power Systems is working with two unique propositions- the manner in which the entrepreneurs are creating a rural electricity grid in Bihar villages using rice husk and two, the manner in which they have raised funding.

By:
Just Investedl
Technologyl
Sep 30, 2009

Shell Foundation Supports Power Project for 2000 Off-Grid Villages in Bihar

Shell Foundation announced the second round of support for Husk Power Systems

By:
TorqueCommunicationsl

Business>
Non Profit Organizationsl
Oct 29, 2009

Epson’s First nSolution Programme concludes in Goa

Epson’s first-ever annual nSolution Conclave targeting System Integrators / Corporate Resellers and Office Automation Partners was successfully concluded in Goa. This event was attended by 150 System Integrators (SIs) from across India with active participation from both ends.

By:
Varindia Magl

Technology>
Electronicsl
Feb 03, 2011

DIGISOL launches Managed Fast Ethernet Layer 2 Switch

DIGISOL has introduced its high-performance Layer 2 Managed Switch DG-FS4526 for workgroup environment. This switch brings high level of availability, enhanced security and advanced QoS to the network edge, while maintaining simplicity of management at an affordable price. It comes with 8.8 Gbps switching capacity, 24 10/100 ports and 2 Combo Gigabit Ethernet RJ-45/SFP ports.

By:
Varindia Magl

Technology>
Electronicsl
Feb 03, 2011

APU era begins in India

AMD has launched the AMD Fusion Family of Accelerated Processing Units (APUs), a single-die design that combines the multi-core CPU (x86) technology with the powerful DirectX 11-capable graphics and a parallel processing engine. The APU also includes a dedicated high-definition video acceleration block and a high-speed bus that speeds data across the differing types of processor cores within the same design.

By:
Varindia Magl

Technology>
Electronicsl
Feb 03, 2011

WatchGuard breaks Revenue Records

WatchGuard Technologies has attained a record-breaking 2010 fourth quarter for revenue. This quarter stands out as the top-grossing quarter ever earned in the company’s history. Additionally, the company notes double-digit sequential growth from Q4 over Q3, and that 2010 marked another year of consecutive annual growth since going private in 2006.

By:
Varindia Magl

Technology>
Electronicsl
Feb 03, 2011

Verizon Customers gain Much Needed Capacity

With the announcement of submarine cable SEA-ME-WE4’s upgrade to 40 Gbps, Verizon customers doing business in Europe, Asia-Pacific, and the Middle East will be able to immediately meet their needs for more capacity and take advantage of improved performance and better scalability.

By:
Varindia Magl

Technology>
Electronicsl
Feb 03, 2011

XAGE Mobile appoints Celina Jaitly as Brand Ambassador

Celina Jaitly has been appointed brand ambassador to XAGE Mobile which is all set to storm the Indian market. A high blitz advertising campaign has been conceptualized and ideated by Katha Mediatix India Ltd., the creative agency for the brand. It features Celina Jaitly and choreographed by Longines Fernandes gets under way on 21st & 22nd January, 2011 in an exciting shoot at the Future Studios, Goregaon.

By:
Varindia Magl

Technology>
Electronicsl
Feb 03, 2011

Oracle introduces StorageTek T10000C Tape Drive

Extending its leadership in the enterprise storage market, Oracle has announced the StorageTek T10000C tape drive, which provides the highest performance, lowest total cost of ownership at one-third to one-fifth the floor space of any tiered storage, archive or backup solution.

By:
Varindia Magl

Technology>
Electronicsl
Feb 03, 2011

Telcordia help Operators grow Prepaid Service Market Share

According to industry analyst firm Ovum, the prepaid segment in the U.S. wireless market grew 17 per cent in 4Q09 to 54.4 million subscribers, and – by 2014 – 24 per cent of all U.S. wireless connections is expected to be prepaid. As more North American communications service providers (CSPs) offer prepaid products, Telcordia’s advanced Service Delivery.

By:
Varindia Magl

Technology>
Electronicsl
Feb 03, 2011

add network printer computer and new email account microsoft outlook

menu bar is anchored to the top of the application window. Neither were big drawbacks but after several hours hitting the wrong keys I decided that I needed to get a full size keyboard which I purchased the next day.

By:
HITLERBOSSl

Technology>
Gadgets and Gizmosl
Aug 19, 2010

add hotmail account outlook 2007 and mail domain exchange

reverse lookup to make sure that the IP address of the mail A or host record in DNS is the same as the IP address it is communicating with. Only 1 RDNS entry can be present per IP address.

By:
HITLERBOSSl

Technology>
Gadgets and Gizmosl
Aug 19, 2010
lViews: 151

add exchange account gmail here’s some great ones

Go to your Gmail account, sign in and click on the calendar option. Click on the calendar settings and go to the very bottom of the options and click on the XML link. Now copy and past the link you are shown.

By:
HITLERBOSSl

Technology>
Gadgets and Gizmosl
Aug 19, 2010
lViews: 123

add email account microsoft outlook address exchange 2007

know the name of the Exchange server, as well as the name of your Exchange mailbox. Outlook will use these pieces of information to log into your mail server to retrieve and send messages.

By:
HITLERBOSSl

Technology>
Gadgets and Gizmosl
Aug 19, 2010

add cups printer vista

clear what works best for your business. People often overlook this very important part of brochure printing and end up regretting it later, so taking the time to plan this out can really help.

By:
HITLERBOSSl

Technology>
Gadgets and Gizmosl
Aug 19, 2010
lComments: 1

add computer symantec system center

BitDefender Antivirus 2010 is also improving its ability in detecting viruses by improving the user interface. The interface itself is split into Novice, Intermediate, and Expert sections. Easiness in running the program is also one of the additional values offered.

By:
HITLERBOSSl

Technology>
Gadgets and Gizmosl
Aug 19, 2010

add another email address outlook bookmark google chrome

The initial release was only targeted towards Microsoft Windows users. But during December 2009, Google released official betas for Max OSX and Linux operating systems.

By:
HITLERBOSSl

Technology>
Gadgets and Gizmosl
Aug 19, 2010

ada3000daa4bw amd athlon 64 3000 cpu

The result of this has been that Apple has been forced to use the less capable Intel integrated graphics chip inside the new MacBook Pro instead of the more capable Nvidia product.

By:
HITLERBOSSl

Technology>
Gadgets and Gizmosl
Aug 19, 2010

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