iCore Software announced by DFJ and Cisco as a finalist in Global Business Plan Competition.

July 1, 2009 - PRLog -- Moscow, Russia, June, 2009  -For several years leading early-stage venture capital firm Draper Fisher Jurvetson (DFJ) and Cisco hold Business Plan Competition for university and business school students. Thanks to Cisco videoconferencing system the Standard Biz Plan Competition became global.

This year thousands teams from nine countries across the globe participate in first Global Contest. 25 June DFJ and Cisco announced the 16 finalists in their first Global Competition. Half the presenters are based in the U.S., with the others located in Israel, China, Russia, India and Brazil.

"Clearly global innovation doesn't stop for recessions", said Tim Draper, managing director, DFJ. "These promising candidates are reminding us that there are pioneering companies out there, even in difficult times, and we hope that one of these teams creates the next Skype, Google, Facebook, Baidu or Cisco. This competition fosters a culture of entrepreneurship that has a lasting impact, and its benefits are felt not just by the winning team but by all participants. We look forward to continuing meaningful ties with all of these young entrepreneurs in the future."

One of the finalists is iCore Software(Russia), http://icoresoftware.com.  Their business plan is based on technology that provides: OS-level virtualization software enabling multiple secure high-performance virtual machines on a Microsoft Windows desktop and servers.

“We are very proud to be selected as one the finalist”, said Artem Prokopenko, CEO, iCore Software. “We are pleased that our project is a high interest for leading venture capital firm DFJ and Cisco. But the most important event will take place only. Final will be on June 30.”

About iCore Software

iCore Software is a virtual computing company whose missions to make home computing safe through easily adopted virtualization technology designed specifically for the home user. iCore develops and markets the first container-based virtualization solution built on the Windows desktop, bringing the benefits of virtualization home. For more information, please go to http://icoresoftware.com/

About Draper Fisher Jurvetson

Draper Fisher Jurvetson ("DFJ") backs extraordinary entrepreneurs everywhere who set out to change the world. DFJ achieves its mission through its DFJ Global Network of Partner Funds. Together, DFJ and the Network manage over $6B and have made more than 600 investments on four continents. With a 24-year history of success across diverse sectors and market conditions, DFJ has led the way investing in emerging technologies, from the Internet and life sciences to clean energy and nanotechnology. DFJ has been proud to back over 500 companies across many sectors including such industry changing successes such as Hotmail (acquired by MSFT), Baidu (BIDU), Skype (acquired by EBAY), United Online (UNTD), Overture (acquired by YHOO), Athenahealth (ATHN), EnerNOC (ENOC), TicketsNow (acquired by TicketMaster), Feedburner (acquired by Google), Interwoven (IWOV), Four11 (acquired by YHOO), Parametric (PMTC), and Digidesign (acquired by AVID). The DFJ Network includes DFJ, DFJ Athena, DFJ Dragon, DFJ Esprit, DFJ FIR, DFJ Frontier, DFJ Gotham, DFJ Growth, DFJ InCube, DFJ Mercury, DFJ Portage, DFJ Tamir Fishman, Draper Triangle, DFJ Vina, DFJ-VTB Aurora, Element Partners, and Epic Ventures. For more information, please go to www.dfj.com.

About Cisco

Cisco  is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at www.cisco.com.

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About iCore Software

iCore Software is a virtual computing company whose missions to make home computing safe through easily adopted virtualization technology designed specifically for the home
user. iCore develops and markets the first container-based virtualization solution built on the Windows desktop, bringing the benefits of virtualization home. For more information, please go to http://icoresoftware.com/