IllinoisVENTURES Extends IVentures10 Start-up Program

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IllinoisVENTURES today announced the expansion of the iVentures10 summer internship program. The program, initially designed for University of Illinois Computer Science students is now open to university students from around the world.

We are thrilled to provide some of the brightest student teams in the world with the opportunity to build innovative next generation web applications

IllinoisVENTURES today announced the expansion of the iVentures10 summer internship program. The program, initially designed for University of Illinois Computer Science students is now open to university students from around the world. The expanded program will start on June 16 and end August 22nd 2008 and will be located on the campus of the University of Illinois in Champaign. IllinoisVENTURES, an early stage venture capital firm, will provide the capital, mentoring, office space, and equipment. Applications for the expanded program must be received no later than May 15, 2008 and should focus using Mozilla Labs Prism/Weave as the technology development platform. Application instructions are at http://www.iventures10.com.

iVentures10, sponsored by IllinoisVENTURES, is a new kind of summer intern program for computer science students with a great idea for software or web based start-up company. During the 10 summer weeks, student teams will develop their idea into a working prototype and lay the groundwork to launch their start-up. While students are able to propose ideas in all areas of technology, there is a particular focus this year in ideas and concepts that build upon the open Web platform.

To this end, iVentures10 has partnered with Mozilla Labs. The partnership with Mozilla Labs will also provide unique opportunities for teams to build upon exciting new open Web technologies, participate in their development, and have their projects promoted to millions of potential users worldwide.

"We're excited to support the iVentures10 program to promote and accelerate the development and release of innovative Web products and technologies," said Chris Beard, VP and General Manager of Mozilla Labs.

"We are thrilled to provide some of the brightest student teams in the world with the opportunity to build innovative next generation web applications," said Rob Schultz, Senior Director for IllinoisVENTURES. "We believe that innovative new technology platforms like Mozilla Labs' Weave and Prism will enable the next generation of web applications that will deliver a more personalized and relevant user experience. IllinoisVENTURES understands the benefits and opportunities that the open web standards and applications provides and believes that programs like this will be beneficial to the internet as a whole"

Founders are directed to http://www.iventures10.com for more information on deadlines, and application information.

About iVentures10 and IllinoisVENTURES:
iVentures10, sponsored by IllinoisVENTURES, is a new kind of summer intern program for computer science students with a great idea for a software or web based start-up company. During the 10 summer weeks, student teams will develop their idea into a working prototype and lay the groundwork to launch their start-up. For more information, visit http://www.iventures10.com. Illinois Ventures is a seed and early-stage technology investment firm focused on research-derived companies in information technologies, physical sciences and life sciences, with a particular emphasis on those deriving from research conducted at the University of Illinois and other regional research institutions and federal laboratories.

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