DreamIt Ventures Opens Application Process for 2009

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DreamIt will provide pre-seed funding and guidance to aspiring technology entrepreneurs. Applications are open for Innovators, Strategists and Hackers. Each selected company/team receives a Dollarship™ of between $10,000 and $25,000, depending on the number of team members and other circumstances. In addition, each company will receive valuable service and counsel from top service providers, and priceless guidance from mentors, advisors and other participants at no charge to the team/company.

DreamIt Ventures, a Philadelphia pre-seed venture firm, officially launched its 2009 program; opening applications for Innovators, Strategists and Hackers.

The 2009 program will mirror the success of its 2008 program; funding another 10-15 companies and offering selected startup companies pre-seed funding; guidance from a team of hand-selected mentors, counsel and services from leading legal and accounting firms; and a roster of nationally recognized speakers to provide insight into launching great companies. The culmination of the program is a Demo Day which is attended by strategic partners, angel investors and venture capitalists. The program will continue to focus on a strong collaborative atmosphere. "Working alongside 12 different startups last year in the open, communal atmosphere was one of the greatest features of the program," stated Peter Groverman, Founder and CEO of TapInko, a DreamIt 2008 company.

Applications are being accepted from entrepreneurs with big ideas that are committed to turning their ideas into a business. Applications are also being accepted for Strategists (highly skilled business executives) and Hackers (uber-developers), interested in partnering with startups over the summer. "Entrepreneurs provide the vision and the idea, and if they need help Hackers can provide the expertise to build it and Strategists can provide the market and operations knowledge to help the business succeed. These three disciplines come together to build strong companies," adds co-founder David Bookspan.

Applications for DreamIt 09 summer session are currently being accepted online at http://www.dreamitventures.com. Early acceptances will be offered to select teams in 2009, so applicants are encouraged to apply early.

For more information about DreamIt Ventures, visit http://www.dreamitventures.com.

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KATRINA HAYDAY WESTER

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