Today marks the culmination of the IBM SmartCamp global entrepreneur competition. Nine startups from around the globe have spent the past three days in San Francisco learning from venture capital and business leaders, honing their VC pitches, getting feedback from mentors and networking with one another. Today, at the Bently Reserve, they made their final pitches and listened to speeches by government and business leaders.
The winner is….
Profitero, from Ireland (by way of Ukraine and Belarus), is the winner of the IBM Global Enterpreneur of the Year award.
Congratulations Profitero!
The People’s Vote Award Winner is….
IDXP, from Brazil, won the popular vote with 845 votes of a total of 2537 votes cast. Profitero came in second, and C-B4 came in third.
Congrats IDXP!
15:06
14:55
Bill Reichert, managing director, Garage Technology Ventures
Fundraising in a New Ear of Venture Capital
“The good news is given where you are now your odds of raising capital have been raised dramatically. Being in SmartCamp raises your profile. The bad news is it’s a very very hard environment for raising capital.”
13:12
Gerry Mooney, General Manager, IBM Global Smarter Cities
Smarter Cities 2.0: The Next Wave.
Much of the growth in new markets comes from the entrepreneurial companies who are building the new applications.
IBM is an integrator. In the Smarter Planet sphere, the integrator can take new technologies and services to market more quickly than the startups can. So IBM has a strategy of forming partnerships with innovative startups, and, in some cases, buying them.
By Vol Pigrukh
Co-founder and CEO of Profitero,
IBM SmartCamp UK and Ireland winner
Editor’s note: Vol Pirrukh leads one of the contestants in the IBM SmartCamp competition world finals this week (Jan. 31, Feb. 1 and 2) in San Francisco. Nine startups from around the world will compete for fame and expert advice. To follow the event virtually, return to A Smarter Planet for liveblogging, view livestreaming video and follow the Twitter hashtags #IBM SmartCamp and #startups.
Yes, it’s true; our company name did come from those delicious little cakes – profiteroles. When we were brainstorming the name of our start-up we all liked “profiteroles” because it has “profit” and “the cherry on top” – i.e. sweetness – in it. But it was a bit too long and the domain Profiteroles.com was taken. So we sent a survey to over 100 friends to pick their favorite name from a few alternatives and “Profitero” got the most votes. Continue Reading »
By Martin Kelly
Partner, IBM Venture Capital Group
Editor’s note: Startup entrepreneurs, venture capitalists and business leaders will gather in San Francisco for the IBM SmartCamp competition world finals next week (Jan. 31, Feb. 1 and 2.) To follow the event virtually, return to A Smarter Planet for liveblogging, view livestreaming video and follow the Twitter hashtags #IBM SmartCamp and #startups.
How do you create something from nothing? It seems like magic to take an idea and turn it into a growing enterprise. Yet this is what entrepreneurs do every day. And that’s also what we did when we created IBM SmartCamp. Continue Reading »
By now, just about any city with a progressive outlook has conducted an open data apps contest–inviting hackers to create applications that make life better there. But Dublin, Ireland, is putting other places to shame. Next year, its HACK THE CITY exhibition and festival will present a slew of events, workshops, installations, and mass-participation experiments aimed at exploring ways to make cities work better. “We want to leave an imprint that inspires people to think differently about how we could an should live in cities,” says Teresa Dillon, curator for the festival at Science Gallery, an initiative of Trinity College Dublin.
The Galley has been gathering applications from software hackers, artists, community activists, engineers and urban planners who want to participate by producing installations, performances, workshops, apps, etc. The call for proposals closes January 20, but Dillon says it’s not too late to get started on a proposal and urges people with innovative ideas to bring them forward. Find out more here.





