[CAnet - news] Amazon offers seed funding for companies to build new web service and grid applications

"Bill St.Arnaud" <[email protected]> Thu, 13 Sep 2007 16:18:12 -0400
Newsgroups gmane.culture.publications.news
Message-ID <000001c7f643$35d8f080$1021bdcd@amarillo>
For more information on this item please visit my blog at 
http://billstarnaud.blogspot.com/
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 [Organizations planning to apply to CANARIE's $30 million Network Enabled
Platforms (NEP) program should also check out this opportunity with Amazon.
I know that many proposals for NEP plan to use S2 and EC2, so this may be an
opportunity for additional funding --BSA]

CANARIE Network Enabled Platforms program
http://www.canarie.ca/press/releases/07_09_13.html

Amazon dangles seed money for Web services start-ups
http://www.news.com/8301-10784_3-9775704-7.html


 Amazon Web Services is launching a program to entice start-up developers
with money to build applications that use Amazon's utility computing
services. A small company could even get seed money out of the deal.

A subsidiary of online retail giant Amazon.com, Amazon Web Services is a
suite of services that let developers access hosted computing, storage,
payment and other services and pay for them on a per-usage basis.

Its Amazon Web Services Start-Up Challenge is a contest to encourage
developers at small companies to build the most innovative applications
using Amazon's hosted services.

The first prize winner will get $50,000 in cash, $50,000 in Amazon Web
Services credits and an investment offer from Amazon.com. Four second place
winners get $5,000 in credits.

The investment offer for the contest winner, which has to be U.S. company
with less than $10 million in annual revenue, will be aimed at getting that
company started rather than an outright acquisition, said Adam Selipsky,
vice president of product development and developer relations at Amazon Web
Services.

"This is about helping and spotlighting new ideas, not about an acquisition
strategy," Selipski said.

By encouraging outside companies to build applications with Amazon Web
services, the company hopes to expand its nascent business and grow the
ecosystem of third-party tools--a strategy used by traditional developer
tool companies.


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