Foundups Corp. Officially Launches during Global Entrepreneur Week 2010

Nov. 14, 2010 - PRLog -- Foundups Corp., a Delaware C-Corporation, with its global headquarters in Washington D.C., officially launches during Global Entrepreneur Week 2010. Foundups Corp., is brain child of serial entrepreneur Michael J. Trout. Trout is introducing the "Foundup (tm)" as a starting point for a Startup. "If you think of a startup like climbing Mt. Everest without anything but the shirt on your back, then a Foundup is like providing a climber with a complete framework to get them to base camp one. What startups lack is a framework. Foundups Corp., is introducing one." The framework is a complete system for entrepreneurs that include:

1) Foundup Week -- estimated to raise over $263K for each event. Foundup Week is an open version of Startupweekend with $30,000 in prizes (inv.st/HI) The events will introduce the idea and concept of a foundup to the general public and establish 1000 free Open Incubators , 500 free Foundup Labs and 50,000 foundups being built into successful startups on foundups.com. The events kick off in Spring 2011 DC / Boston / NY and then travel the global to 20 countries and 100 location. For partnership opportunities see bit.ly/FWpartner

2) Open Incubators (tm) -- free co-working space for foundups. 10 will be established at each Foundup Week event.

3) Foundup Labs -- free 12 & 18 week student class that teaches how foundups are built (bit.ly/foundup). 5 will be established at each Foundups Week event.

4) Foundup Scrum -- monthly workshops that combines lean agile mythologies to foundup development (foundupscrum.com). 20 will be established at each Foundups Week event.

5) Foundups.com and teenfoundups.com -- releasing a proprietary web solution (Open Incubator Framework) that provides a free crowd-sourcing, crowd-funding and team-building platform for entrepreneurs. The platform will be released as part of Global Entrepreneur Week 2011.

Currently, Foundup Corp., it seeking to be the first company to crowdfund using Linkedin and prove that startups can secure funding using alternative methods than the traditional ones. An online prospectus is available at bit.ly/FUCprospectus

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Foundups Corp., is a Delaware C-Corp, headquartered in Washington DC. Foundups Corp is the brain child of serial entrepreneur Michael J. Trout. Foundups Corp is introducing the concept of a Foundup, Open Incubators, Foundup Labs, Foundup Scrums and the proprietary Open Incubator Framework.