Wednesday, June 23, 2010

UT Austin Team Named Finalist In Venture Business Plan Competition

A team from the University of Texas-Austin, Digital Proctor, has been named one of the sixteen global finalists for a business plan competition sponsored by networking giant Cisco and venture capital firm Draper Fisher Jurvetson, DFJ and Cisco announced today, and is competing for a minimum of $250,000 in funding from the two. According to DFJ and Cisco, Digital Proctor, an enterprise online security company with its first market vertical in distance education, was one of sixteen team who won local university competitions for the best business plan. Finalists in the competition came from the US, Israel, China, Russia, India, and Brazil.