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Salesforce.com and VC firm Emergence Capital Partners today made an interesting announcement: the "Force.com $1 Million Challenge," which is a venture competition for entrepreneurs and companies building on the Force.com Platform. Force.com delivers Platform-as-a-Service, enabling companies to develop and deliver any application on demand. 

 

The Force.com $1 Million Challenge was conceived to "inspire a new generation of SaaS ISVs to develop and deliver on-demand applications on the Force.com Platform." The winner will have the opportunity to negotiate with Emergence Capital for a potential $1 million investment, and will also receive space in salesforce.com's AppExchange Incubator facility for one year. Emergence Capital will announce the winner in November at Dreamforce 2008 event, salesforce.com's user and developer conference.

 

"The age of Platform-as-a-Service and Software-as-a-Service needs new investment models to match the new technology and business models," said Marc Benioff, chairman and CEO, salesforce.com. "Our partners at Emergence Capital understand what it takes to create the next salesforce.com. That's why they are investing in companies based on the Force.com Platform."

 

"We believe that SaaS is transforming the software industry and changing how people work," said Jason Green, General Partner, Emergence Capital. "The Emergence team has a uniquely successful track record of helping SaaS companies grow into market leaders. Many next generation SaaS entrepreneurs will build their businesses faster by exploiting the technical capabilities of the Force.com Platform-as-a-Service and the go-to-market advantages of the AppExchange and we hope to help enable that to happen."

 

For more information, visit www.salesforce.com.