Transform your Moblin-based innovations into business: Intel® Capital extends the Open Source Incubator Program to software ecosystem development around Mobile Internet Devices. This is a venture funding program for companies that are exploring new business models made possible by the dynamics of open source and open source communities.
As part of the Open Source Incubator Program, Intel® Capital provides early-stage (seed/Series A) funding for the venture, assistance with business plan development, board participation, industry referrals and search services to find key board members and executive staff, technical engagement with Intel's business groups, engagement with Intel's co-marketing programs, opportunities to engage with new customers at Intel Capital Technology Days, and participation in the annual Intel Capital CEO Summit. Intel Capital has a proven track record of helping companies reach new levels of performance through close involvement with and support for our portfolio companies.
In 2008, the Intel Capital Open Source Incubator Program is interested in finding and funding new businesses focusing on the Mobile Internet Device. If you would like your business plan considered for this program, please send a short summary of your proposal to Patrick Walsh, Intel Capital Open Source Incubator Program, email: patrick.walsh@intel.com. We will review all submissions on an ongoing basis and set follow-up meetings to consider those that we think would be good candidates for the program.
Previous investments made by the Intel Capital Open Source Incubator Program include WS02, a web services platform company with primary operations in Sri Lanka; and Revolution Computing, a computational statistics company focusing on parallel computing, based in New Haven, CT.
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing, and cleantech. Since 1991, Intel Capital has invested more than US$7.5 billion in approximately 1,000 companies in 45 countries. In that timeframe, 168 portfolio companies have gone public on various exchanges around the world and 212 were acquired or participated in a merger. In 2007, Intel Capital invested about US$639 million in 166 deals with approximately 37 percent of funds invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.