Dell announces $US100 million credit fund for startups

New companies can get credit to buy Dell products to help them grow while in an early stage

Dell has announced the creation of a US$100 million credit fund aimed at giving startups the "financial and scalable technology resources they need to maximize potential for innovation, speed to market and job creation."

Applications are now being taken for the Dell Innovators Credit Fund, through which companies backed by angel investors and venture capital can garner up to 10 percent of their current funding amount or up to $150,000 in credit to buy products through Dell, according to the announcement. More money can be obtained through a number of additional steps, Dell said.

Along with money, credit fund participants will get a set of supporting services and a dedicated sales team, according to a statement.

In addition, Dell is unveiling an expanded Entrepreneur in Residence community website featuring case studies and other materials meant to help startups grow.

The new credit fund is different from Dell Ventures, wherein Dell works with VC firms and makes direct investments in companies, according to a FAQ document.

Dell is looking to finance "all promising Web-knowledgeable startups, regardless of industry", through the fund.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is Chris_Kanaracus@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?