The BlackBerry Partners Fund Announces the "Jump Start" Program to Finance Innovation in Smartphone Application Development



    
    Program set to provide early stage companies with access to up to
    $250,000 in capital
    

    TORONTO, Oct. 20 /CNW/ - The BlackBerry Partners Fund LP, a $150 million
venture capital fund formed to focus on applications and services for the
BlackBerry(R) platform and other mobile platforms, announced today that it has
launched its Jump Start Financing Initiative.
    The Jump Start initiative provides entrepreneurs with capital infusions
of up to $250,000. The funding initiative is designed to bring new and
innovative ideas into the development process faster allowing entrepreneurs to
focus on building great smartphone applications instead of raising seed
capital.
    "At the BlackBerry Partners Fund we believe it is important to encourage
the development of an industry that is predicted to become the fastest growing
application market the world has ever seen," said Rick Segal, Partner of the
BlackBerry Partners Fund, who is spearheading this program. "We are eager to
review pioneering ideas and assist entrepreneurs with the advancement of their
concept into a viable product faster and more cost effectively than ever
before."
    "Building a business to compete in the fast moving mobile marketplace
requires focus," said Kevin Talbot, Co-Managing Partner of the BlackBerry
Partners Fund. "We want entrepreneurs to spend time building innovative
applications instead of searching for start-up capital in a time where the
economic environment may prove unnecessarily distracting."
    By offering up to $250,000 in the form of a convertible debenture, the
BlackBerry Partners Fund is providing entrepreneurs with a standard financing
package that is not onerous on the entrepreneurs while giving the BlackBerry
Partners Fund early exposure to the opportunity. Entrepreneurs interested in
the Jump Start Funding Initiative should visit www.blackberrypartnersfund.com.

    About BlackBerry Partners Fund

    The BlackBerry Partners Fund is a $150 million venture capital fund
focused on applications and services including mobile commerce (payments,
advertising, retailing and banking), vertical and horizontal enterprise
applications, communications, social networking, location-based applications
and services (navigation and mapping), media and entertainment, and lifestyle
and personal productivity applications for the BlackBerry(R) and other mobile
platforms. The Fund will consider all stages of development and is co-managed
by JLA Ventures and RBC Venture Partners. For further information visit:
www.blackberrypartnersfund.com.
    The BlackBerry and RIM families of related marks, images and symbols are
the exclusive properties and trademarks of Research In Motion Limited.





For further information:

For further information: Matthew Bogart, BlackBerry Partners Fund, (416)
367-2401, matthew.bogart@blackberrypartnersfund.com

Organization Profile

BLACKBERRY PARTNERS FUND

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