[Toronto, CANADA] - Equityengine.com Inc. and Hewlett-Packard (Canada) Ltd. have negotiated a strategic alliance to accelerate incubation of Internet start-ups through Equityengine.com.
Equityengine.com Inc. is an online incubator and start-up community offering members equity in Internet start-up companies in exchange for time and knowledge. The alliance lets Equityengine.com and HP Canada co-venture on new Internet start-ups, participate in co-marketing efforts, leverage HP technology and improve time to market for entrepreneurs seeking incubation support.
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"Equityengine.com developed its automated Internet incubation platform using HP technology," said Lynn Anderson, vice president of Enterprise Marketing for HP Canada.
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Equityengine Inc. is working with HP under its HP Garage Program which is meant to help Internet start-ups, dot coms, ASPs, e-service providers and trading communities speed time-to-market, preserve capital and prepare for hypergrowth. Through the program, HP provides a set of tools and services, as well as up to US$2 million in financing. The program supports start-ups in building, running, marketing and financing their businesses.
With offices in Toronto, Canada and San Jose, California, Equityengine.com has a membership of over 2000 skilled professionals working to build Internet companies in exchange for equity. HP Canada has more than 1,300 employees at 21 locations across Canada.
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