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IBM to help startups in emerging markets

Posted: 25 Aug 2005 ?? ?Print Version ?Bookmark and Share

Keywords:software vendor?

IBM has unveiled an initiative to help startups of emerging markets like Brazil, China, India and Russia to develop products around standards-based technology.

In addition, the Armonk, New York, company announced the formation of the Venture Capital Advisory Council that would work with IBM to accelerate technology development in those countries, as well as other emerging markets.

As part of the initiative, IBM plans to roll out more than 40 online workshops through it Virtual Innovation Center to help developers and independent software vendors go to market with their applications faster and cheaper, the company said.

The workshops are structured after classes taught by technical architects at the IBM Innovation Centers. Students can use a traditional telephone or Internet telephony to dial into a lecture. The company configures a customized remote environment for students, so they can follow the lecture and participate in virtual learning labs.

The VCAC is expected to meet regularly throughout the year to review opportunities for startups in IBM's partner programs. Members of the council will initially include partners at Walden International, USVP, 3i, Hummer Winblad Venture Partners, Accel Partners and Darby Ventures. On a regular basis, new VCs will be invited to join based on their expertise in technologies and markets and "the synergy of their strategic investment to IBM," the company said in a statement.

- TechWeb News

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