Thursday, August 1, 2019

Ingram Micro Launches Startup Competition

Irvine-based Ingram Micro, a distributor of technology products and provider of cloud and other related services, has launched a new competition aimed at startups, thec ompany said this morning. According to Ingram Micro, its new Comet Competition is aimed at early stage, independent software vendors (ISVs), which will award $5M in money and funding to a total of 60 ISVs, through a series of 16 competitions, which it will conduct internationally. According to Ingram Micro, it will run sixteen regional competitions, where it will award one winner $100,000 in "go-to-market" funding and a chance at $1M next year in May as part of its cloud services summit, with regional runners-up receiving $50,000. It is seeking B2B software developers, and says it will not take any equity in those companies. Ingram Micro said the competition is also being support by Microsoft's Microsoft for Startups group.

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