Thursday, June 7, 2012
Dell Targets Startups With $100M In Financing
Round Rock-based Dell is looking to spur the purchase of its hardware and software by startups, saying Thursday that it has launched the Dell Innovators Credit Fund, a $100M effort to provide entrepreneurs with technology resources for their company. Dell said it would provide qualified angel and venture backed companies with up to 10 percent of their funded amount, or up to $150,000. Dell said the fund was created by Entrepreneur in Residence, Ingrid Vanderveldt. The company said that the Dell Entrepreneur in Residence effort is a newly expanded effort to provide specialized advice, access to case studies and videos, and information on Dell's initiatives and technology offerings to startups that are self-funded, seeking funding or already funded.