Entrepreneur Challenge Launches, Web 2.0 Company to Help Start-Ups Gain Funding

By admin at November 28, 2007 | 10:38 pm | Print

What Company Is Offering:
spigit is a platform that provides professionals the ability to showcase new ideas and innovations and in the process build their professional network. Companies and Entrepreneurs can obtain feedback-contributions-ratings from employees, partners and customers. Through our proprietary simulation they can build and refine an idea, find the right resources to contribute, create buzz, and calculate a multitude of targeted metrics to provide insight into viability and simulate the likelihood of success.

The spigit simulation engine measures and quantifies interactions on social networks. The spigit simulation engine captures dynamic feedback from all participants, tracking hundreds of dynamic events and through a series of algorithms, computes results producing valuable predictions and identifies key social connections to maximize professional and economic gains.
The Entrepreneur Challenge invites entrepreneurs to showcase their start- ups on the website, develop ideas, business plans and leadership teams, and connect with industry leaders and investors worldwide utilizing the spigit platform. Some 1,000 companies registered for the competition and 130 have been chosen at this point to participate on spigit’s platform for innovation, which incorporates a market-tested, seven-step process where entrepreneurs build their reputation based on the quality of their ideas and contributions to the ideas of others, earn badges and expert approval, and finally, launch their company on a virtual stock market.

How It Works:

The top six startups will be awarded prizes by industry leaders to help make their dream a reality: Keiretsu Forum SoCal, one of the nation’s leading angel investment communities and premier sponsor, will offer the opportunity to present live in front of the forum; Sun Microsystems will supply hardware; Southwest Airlines will provide nationwide air travel; and Mashable, the popular social networking news site, will publish live, on-going coverage of the event and its winners.

The Innovation Challenge for Entrepreneurs is now live at: http://innovation.spigit.com/

“spigit’s Entrepreneur Challenge is the first online platform competition that will truly give an insider’s view on the funding process. The capabilities of outsiders, insiders and experts to engage in discussion and push one company ahead of another is the true meaning of Web 2.0 technology at work. The opportunity for the participants is not only measurable by their success throughout the competition, but the buzz that is generated from the platform,” said Adam Hirsch, Mashable Community & Marketing Director.
More at:http://innovation.spigit.com/

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