[ Thanks to LinuxDevices.com for this link.
]
“A new startup, DevelopOnline.com, claims to be the first
Intel “incubated spin-off.” The Tempe, AZ startup announced today
that it has received first round funding of $15M to develop a
unique new website that will serve as a “product development
accelerator.” Jim Kearns, VP of Business Development, says his
company’s web-based service is going to “significantly compress
product development cycle time, by lowering entry barriers for
innovation and product creation.”
“According to Kearns, the concept for the new web-based startup
resulted from the efforts of a group of Intel employees in
conjunction with researchers at the University of California
Berkley and Harvard University. “Ten leading companies in the
embedded industry contributed to the technologies used on our
site,” says Kearns. “We are also working with multiple embedded
industry component/technology suppliers, including several
providers of embedded Linux,” adds Kearns.”
“DevelopOnline.com CEO Alan Steinberg says his company’s website
“will enable its customers to build on existing electronic design
platforms, thereby reducing the time a product takes from its
initial concept on a paper napkin to full-scale production.” “In
turn, innovators and new generation ‘marketects’ can introduce new
products while significantly reducing the cost of innovation in
terms of time and cash,” adds Steinberg. Although specific details
about the services that be provided by DevelopOnline.com are being
kept under tight wraps, Steinberg hints of his companies mission,
saying “it’s about building on what already exists, and being able
to truly focus on the passion of inventing.”