Ingram Micro Launches Global Comet Competition for Early-stage ISVs
Ingram Micro’s Comet Competition announces participating cities and begins accepting applications for world’s largest startup competition
TORONTO, ON – August 1, 2019 – Ingram Micro Cloud today announced that applications are now open for its international Comet Competition, aimed at identifying revolutionary business-to-business (B2B) software innovators whose products have clear applications for the technology channel. The second annual competition will award $5,000,000 in award money and funding to 64 independent software vendors (ISVs) in a series of 16 concurrent competitions across five continents.
All qualified B2B technology startups are encouraged to apply to the Comet Competition. In each of the 16 regional competitions, Ingram Micro will award one winner and three runners-up. The winners will receive $100,000 in go-to-market funding and a chance to win $1,000,000 in cash at Ingram Micro’s Cloud Summit in Miami, Florida, May 12-14, 2020. Each of the runners-up will receive $50,000 in go-to-market funding. Ingram Micro will not take any equity in the winners’ companies, nor require repayment by the finalists.
“Successful B2B startups are increasingly looking to an indirect distribution channel to help diversify and accelerate their revenue, and gain fast access to new markets around the world. Participating in the Comet Competition presents a huge opportunity for these innovative companies,” said Michael Kenney, head of strategy and business development for Ingram Micro Cloud. “Our goal at Ingram Micro Cloud is to help identify and bring to market the best technology in the industry. It’s especially exciting to advise global startups at the beginning of their journeys and watch them achieve significant business milestones faster and more broadly than they ever anticipated.”
Last year’s winner, Arun Buduri of Pixm, has seen an immediate impact from the exposure and resources gained from being a Comet Competition winner. “The year after winning the competition has been a total blessing,” Buduri said. “Between getting our team of three in front of thousands of potential customers while bringing our customer acquisition cost down to nearly zero, we couldn’t have asked for a better partner than Ingram Micro. I like to say Comet was ‘nuclear fuel’ for our business.” Pixm is a first-of-its-kind cybersecurity product that leverages AI, deep learning and computer vision to detect phishing attacks in real-time.
This competition is supported in part by Microsoft as part of a recently announced partnership between Microsoft’s Microsoft for Startups group and Ingram Micro Cloud.
Locations chosen as this year’s host countries include:
● United Kingdom
● United States
Applications for the Comet Competition is extended to October 31, 2019.
About Ingram Micro Cloud
At Ingram Micro Cloud,™ we view cloud not just as a single technology, but as a foundational platform to run and drive a whole new way of doing business. By leveraging our platforms and ecosystem, cloud service providers, telecom companies, resellers, and enterprises can quickly transform and get up and running in the cloud within minutes, with little to no investment. Our portfolio includes vetted security, communication and collaboration, business applications, cloud management services and infrastructure solutions designed to help clients monetize and manage the entire lifecycle of cloud and digital services, infrastructure and IoT subscriptions. For more information, please visit: www.IngramMicroCloud.ca.
Ingram Micro helps businesses realize the promise of technology. It delivers a full spectrum of global technology and supply chain services to businesses around the world. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables its business partners to operate efficiently and successfully in the markets they serve. Unrivalled agility, deep market insights and the trust and dependability that come from decades of proven relationships, set Ingram Micro apart and ahead. Discover how Ingram Micro can help you realize the promise of technology.
The company supports global operations through an extensive sales and distribution network throughout North America, Europe, Middle East and Africa, Latin America and the Asia Pacific:
- 50 Billion USD in revenue
- Shipping 550+ units/year
- Delivering IT asset disposition services to 20 of the Fortune 100
- 198 Logistics and service centers worldwide
- Sales in 160 countries
- Operations in 64 countries with 33K+ associates covering 6 continents
- Representing over 1,700 Vendors
- Serving more than 200K customers
- The only global broad-based IT distributor with significant Asia Pacific presence
To learn more about our products and solutions click here now.