JumpStart program provides up to $250K for smartphone app startups
Posted by Gary Will on November 25, 2008 at 02:13 PM
The JumpStart program from the BlackBerry Partners Fund can provide up to $250,000 to help launch a smartphone application development startup.
The money is provided as a convertible debenture—debt that can be converted into shares if the startup gets to a point where it raises a round of funding.
First step is to fill out an online application form that asks:
- What is your business concept?
- Who would use your product or technology? Why?
- Describe yourself and your qualifications.
- Why is your idea unique and better than existing products or technologies in the marketplace?
- How do you plan to monetize your business model?
More details at the JumpStart page.
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What happens to the IPR or trade secret if it is submitted to JumpStart (or in general to an online application for funding like it)?
The JumpStart web page didn't seem to address this.
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