BWI: Citrix Startup Accelerator Global Challenge 2011 Gives Indian Entrepreneurs a Chance at Seed Funding

Press release from Business Wire India
Source: Citrix
Thursday, May 05, 2011 03:23 PM IST (09:53 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology; Technology
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Citrix Startup Accelerator Global Challenge 2011 Gives Indian Entrepreneurs a Chance at Seed Funding
Up to Six Winners from Global Technology Centers Including India Will Benefit from Seed Funding, Mentoring and Go-To-Market Strategies

Bangalore, Karnataka, India, Thursday, May 05, 2011 -- (Business Wire India) -- Citrix Systems today announced the Global Challenge 2011, an opportunity for Indian entrepreneurs to compete for up to $400K (upto ~Rs. 1.75 crores) from the Citrix Startup Accelerator, the company's global seed investment initiative. The Citrix Startup Accelerator Global Challenge 2011 is focused on finding startups that align with the Citrix vision of a world where anyone can work and play from anywhere on any device. Six winners from key technology regions around the world including Bangalore, India - will be chosen for up to $400K each in seed funding and offered all the benefits that Citrix Startup Accelerator provides, including mentoring, office space and access to the global Citrix ecosystem.

Key Facts and Highlights

-- Applications accepted: April 20- May 13 at the Citrix Startup Accelerator Global Challenge 2011 page
-- Screening process via Citrix GoToMeetingT technology: May 14 -June 10
-- Final presentations and mentoring sessions at the Bangalore office of Citrix : June 10-30
- Bangalore, India
-- Up to six overall winners from across all global locations, funded up to $400k each, will be announced in July

Focused on entrepreneur-led innovation, the Citrix Startup Accelerator looks for new technologies and business models that have the potential to enable new capabilities in areas such as virtualization, cloud, mobility, networking, security, storage, collaboration and SaaS. The initiative not only provides seed investments to select start-ups, but enables them to benefit from the global presence Citrix has established, its entrepreneur-friendly environment, large customer base and seasoned go-to-market strategies. Primadesk became the first program participant when The Citrix Startup Accelerator announced its first investment in February.

Related Links

-- More details about the Citrix Startup Accelerator Global Challenge 2011
-- Citrix Startup Accelerator page
-- Blog: A Global Privilege by John McIntyre, Sr. Director, Citrix Startup Accelerator
-- Blog: Great Innovation is Global by Michael Harries, Sr. Director, Citrix Startup Accelerator
-- Announcement: Citrix Startup Accelerator Announces First Investment
-- Blog: Do You Have What it Takes to Become Really Great?Do You Innovate? by Martin Duursma, VP of Citrix Labs and Chair of the Citrix CTO Office
-- Blog: The Big Things in Life by John McIntyre, Sr. Director, Citrix Startup Accelerator
-- Blog: Do You Have the Next Great Idea? by Michael Harries, Sr. Director, Citrix Startup Accelerator

Follow Us Online
-- Twitter: @Citrix, @JGMc, @MichaelHarries
-- Citrix Startup Accelerator on LinkedIn
-- Citrix on Facebook

India Region Entrepreneur Contact for Citrix Startup Accelerator Global Challenge 2011
-- Ravi Gururaj, Bangalore, India: Citrix_challenge_India@citrix.com

About Citrix

Citrix Systems, Inc. (NASDAQ:CTXS) is a leading provider of virtual computing solutions that help people work and play from anywhere on any device. More than 230,000 enterprises rely on Citrix to create better ways for people, IT and business to work through virtual meetings, desktops and datacenters. Citrix virtualization, networking and cloud solutions deliver over 100 million corporate desktops and touch 75 percent of Internet users each day. Citrix partners with over 10,000 companies in 100 countries. Annual revenue in 2010 was $1.87 billion.

Citrix® and GoToMeeting® are trademarks of Citrix Systems, Inc. and/or one or more of its subsidiaries, and may be registered in the U.S. Patent and Trademark Office and in other countries. All other trademarks and registered trademarks are property of their respective owners.


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