Enterprise IT vendor IBM has launched the IBM Global Entrepreneur Program for Cloud Startups.
Through the global program, qualifying startups will receive up to $120,000 worth of credits to use IBM Cloud.
The program will offer connections into IBM’s enterprise client base.
“The IBM Global Entrepreneur Program for Cloud Startups provides a network of resources to drive collaborative cloud innovation,” said Promod Haque, senior managing partner, Norwest Venture Partners.
By accessing IBM’s enterprise cloud portfolio and 3rd-party cloud services built around open APIs, startups can more build and monetize their solutions.
“As we begin our process to select our newest class of startups, which we will help to accelerate and grow, programs such as IBM’s are critical in helping to create a strong and steady flow of promising innovators,” said Gabriella Draney, cofounder and CEO of Tech Wildcatters, a seed fund.
Ustream, a San Francisco-based startup now providing video streaming services to more than 80 million users, is one of the beneficiaries of the IBM cloud program.
Brad Hunstable, CEO and founder of Ustream, said: “Through Bluemix, Ustream aims to help developers easily incorporate powerful video streaming features into their applications.”
Grid Mobile, a NYC-based mobile software and communications venture based in the Grand Central Tech accelerator, is also teaming up with IBM to transform mobile service via a secure, integrated mobile-first communications platform.