March 12th, 2008

MyStrands wants to invest $100,000 in your startup

Corvallis-based MyStrands has just announced a program designed to find the best early-stage startup focused on “recommendation” technologies. And, once found, to fund that startup to the tune of 6-figures of investment.

The $100,000 investment prize will be awarded to:

[T]he best early-stage project in the area of recommendation technologies, considering the technology, business opportunity and team behind the project (without limitations as to which field the technology is applied).

This is a worldwide competition, but I’m confident that some of you Portland and Silicon Forest types—side project or otherwise—have got some cool technology that has a chance of winning this thing.

Why not give it a shot?

All Proposals will be judged using the following judging criteria: (a) implementation and integration of recommendation technologies, (b) originality and creativity, (c) likelihood of long-term success and scalability, (d) effectiveness in addressing a need in the marketplace, and (e) team bios.

Get into the finals and you’re off to Switzerland to present.

Five Finalists will be invited to present their projects during the ACM Conference on Recommender Systems (RecSys08) next October 23rd to 25th, 2008 in Lausanne, Switzerland. Finalists will be announced on October 6th.

So what are you waiting for? I think you can win this. And I’m sure the investment would help make your dream a reality. And if you’re not going to do it, then maybe our idea for Portland Startup Weekend should be based on recommendation technology.

Entries will be accepted until September 15, 2008.

For more information on the contest and requirements, see MyStrands’ post on the contest.

[Update: I just noticed that ReadWrite Web has posted on the contest, as well, encouraging MyStrands to continue its work in implementing open data standards.]

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