Salesforce today announced the €5 million Innovation Challenge
We're pleased to announce this week that the applications have opened for the Salesforce Innovation Challenge. Here at Notion we've teamed up with Salesforce.com and 4 other investors; MMC Ventures, Octopus Investments, Point Nine Capital & Charlotte Street Capital to launch this program. We're searching for exciting B2B/Enterprise companies building on or planning to build on the Salesforce Platform (e.g. Heroku, Force.com, Database.com...). We'll be working with the best of these to invest alongside our investment partners in several companies at Seed and Series A stage funding rounds.
Companies can apply here: http://innovationchallenge.secure.force.com
More information below:
The €5 million Innovation Challenge is designed to inspire the next generation of start-ups in Europe to develop and deliver innovative new enterprise apps on the Salesforce Platform. Shortlisted start-ups will be invited to present their ideas to professional investors at a series of Innovation Challenge pitch events throughout Europe hosted by salesforce.com from September to November 2013.
The winning start-ups will have the opportunity to negotiate with the participating Venture Capital firms for seed funding to jump-start a new business or for a Series A investment to accelerate growth of an existing business. Winners will also be able to build, package and sell their apps on the Salesforce AppExchange, the world’s leading business apps marketplace.
For more information go to http://innovationchallenge.secure.force.com
We're inviting start-ups and established solution providers to submit business plans, which will be reviewed by an expert panel, along seven main criteria:
•An existing product developed to beta or later stage
•Demonstration of traction, customer success and user adoption
•Market opportunity and go-to-market strategy
•Track record and passion of the entrepreneurial team
•Planned or existing adoption and innovative utilisation of the Salesforce Platform
•Competitors
•Financial plan
Competition entry is open until August 23rd 2013.
Companies can apply here: http://innovationchallenge.secure.force.com