Leading global early-stage venture capital firm Draper Fisher Jurvetson (DFJ) and Cisco /quotes/comstock/15*!csco/quotes/nls/csco (CSCO 23.27, -0.08, -0.34%) today announced they will jointly hold the second annual global business plan competition for students aimed at fostering innovation and entrepreneurship. The competition will leverage Cisco TelePresence(TM), which enables collaboration through a live, face-to-face video 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.
The competition is designed to elicit new technology-oriented ideas from aspiring college and university student entrepreneurs around the world. Fourteen finalists will be announced on June 22, 2010. The winner, who will be announced on June 29, 2010, will receive a minimum of $250,000 seed money. The winner will also receive professional feedback and mentorship from both DFJ and Cisco.
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Author: MarketWatch.com
