The Enterprise Network, a Non-Profit High-Tech Business Incubator, Receives Donation from Intel Corporation

SAN JOSE, Calif.--()--May 7, 2003--The Enterprise Network of Silicon Valley (TEN), a leading nonprofit business incubator and venture accelerator for high-tech start-ups, today announced that it received a philanthropic donation from Intel Corporation.

TEN helps accelerate innovation in computing and communications technologies by providing business development advisory services, technology licensing opportunities, and full service facility support for high-tech start-up companies in Silicon Valley, in addition to overseas companies seeking to enter the U.S. market. There are currently 30 companies TEN is supporting. TEN will use the funding to help finance its operations and develop technologies of high interest to major technology corporations.

"Our long-term strategy is to work with major technology companies who can gain value from TEN as an innovation feeder system," said Dr. Bill Musgrave, President and CEO of TEN. "In addition to this donation we've received from Intel, TEN has formed a supportive relationship with NEC. We intend to evolve a matrix of major technology alliances in computing and communications markets where we can work together to accelerate advances in the technologies that will underlie future Internet, wireless, and computing capabilities and products."

Financial details of the donation were not disclosed.

About TEN:

The Enterprise Network of Silicon Valley (TEN) is a non-profit 501(c)(3) business incubator and venture accelerator for high-tech start-ups in Silicon Valley, and for overseas companies wanting to enter the U.S. market. TEN was founded by Joint Venture Silicon Valley in 1993 to assist entrepreneurs and create jobs in Silicon Valley. Prominent graduates of TEN and the NASA incubator it has supported include eBay, iPrint, Adagio/Xros, Vertical Networks, Right Works, and Intruvert Networks. Entrepreneurs at TEN are provided coaching, training, business development advisory services, introductions to investors, access to technology licensing opportunities, and full service facility support. Entrepreneurs, start-up companies, investors, advisors, service providers, and R&D organizations interested in becoming involved at TEN, can contact TEN's COO, Gordon Ciochon at gordon@ten-net.org or visit www.ten-net.org.

Contacts

The Enterprise Network of Silicon Valley (TEN)
Dr. Bill Musgrave, 408/282-3511

Contacts

The Enterprise Network of Silicon Valley (TEN)
Dr. Bill Musgrave, 408/282-3511