By Nancy Dahlberg
The Miami Herald
WWR Article Summary (tl;dr) As the doors open on U.S.-Cuba relations, a new competition is underway to support the development of technology in Cuba. A worldwide initiative called 10x10kCuba will give winning Cuban entrepreneurs resources to help them advance their businesses. We want to get the word out to as many women in business as possible as this may be a great way to support innovate female business ownership. For More information check out www.10x10Kcuba.com Ps….pass it along and share!
The Miami Herald
A coalition of investor and entrepreneurship organizations announced the formation of 10x10KCuba, a competition for Cuban entrepreneurs, on Thursday evening during the AngelSummit Americas conference in Miami.
The new international competition is a call to innovation for the island’s emerging technology sector, which seeks to help talented programmers and entrepreneurs in Cuba integrate into the global startup community.
Entrepreneurship organizations Cuba Emprende Foundation and #CubaNow teamed up with well-known names in tech including 500 Startups, Techstars and Stanford University as well as Startup Angels, Mano and Cambridge Innovation Center Miami to develop this initiative.
The contest will provide the winning Cuban entrepreneurs with resources that will help them advance their businesses and connect with international technology leaders and financial supporters.
“We said we can’t yet invest in these guys, but what can we do to help? That’s when we came up with 10x10KCuba,” said Leslie Jump, founder and CEO of Startup Angels. “We hope it will the first of many opportunities for people from the United States, Latin America and Cuba to come together to accelerate startups across Cuba.
Participating entrepreneurs will be judged by startup and investment leaders from around the Americas with 10 tech-enabled companies will be selected. Each winner will receive a $10,000 prize package, including of web services, laptops and servers from Dell, EMC and Rackspace, mentoring from NXTP Labs as well opportunities with a leading accelerator programs in the US and Latin America. Applications will open May 15, with applications due on July 15. Winners will be announced in the fall.