Telecom Lead America: Dell announced the launch of the
Dell Innovators Credit Fund that provides entrepreneurs up to $100 million in
the financial and scalable technology resources.
Using the first-of-its-kind Dell financing initiative,
entrepreneurs can maximize potential for innovation, speed to market and job
creation.
This will be a big opportunity for start-ups.
Dell did not disclose the total size of the credit fund.
Leveraging the Dell Innovators Credit Fund, qualified
angel and venture-backed companies can access up to 10 percent of their funded
amount, or up to $150,000.
If entrepreneurs are looking for funds, additional
financing is available on a fast track basis with a few extra steps.
Behind most great company growth stories are pioneering
uses of technology. In talking with business owners and listening to their
needs, they tell us what they need most is access to capital and technology
that enables them to grow,” said Steve Felice, president and chief commercial
officer, Dell.
Dell Innovators Credit Fund was created by Dell’s first
Entrepreneur in Residence, Ingrid Vanderveldt, with the support and guidance of
Dell executives and team members as well as the esteemed 13-member Dell EIR
Advisory Board consisting of today’s leading entrepreneurs, visionaries and
innovators.
Using the Dell Innovators credit to create our
web-enabled and all-electric super scooters is really a win-win-win for our
company, our investors and for Dell,” said Lauren Flanagan, executive chairman
and angel investor of Ann Arbor-based Current Motor.
Besides access to funds, Dell Innovators Credit Fund
customers receive benefits including a dedicated Dell sales team and ProSupport
Services for a single point of accountability with access to highly trained
experts and 24/7 total support on their top technology needs.
Through the launch of the Dell Innovators Credit Fund,
Dell is helping promising entrepreneurs obtain the technology solutions they
need to grow and get to market faster, while stretching the capital they
receive from angels and venture investors,” said Marianne Hudson, executive
director of the Angel Capital Association (ACA).
