9-26-13 8:00 AM EDT | Email Article

AVG contributes funding to accelerator program for some of the world's most promising startups in the field of contactless technology

AMSTERDAM and SAN FRANCISCO, Sept. 26, 2013 /PRNewswire/ -- AVG Technologies N.V. (NYSE: AVG), the provider of Internet and mobile security, privacy and optimization to 155 million active users, today announces it has invested in early stage business accelerator Startupbootcamp NFC (Near Field Communication) & Contactless in Amsterdam. AVG joins venture capitalists and corporates based in the Netherlands on the Startupbootcamp NFC & Contactless Board in organizing and running the next program which starts on October 14th 2013. Investing in this initiative is part of AVG's Research & Development program, which is lead from Amsterdam where AVG's Innovation Center is based.

(Logo: http://photos.prnewswire.com/prnh/20120306/SF65434LOGO)

Startupbootcamp is a European initiative with seven hubs, co-founded by Dutch serial entrepreneurs, Patrick de Zeeuw and Ruud Hendriks. Startupbootcamp runs two programs a year from the Amsterdam hub, each lasting three months, to which startups across the world apply for the chance of a place. Following the three month program, Startupbootcamp then guides the selected startups intensively for an additional three months to help them to secure additional funding for next stage growth.

Patrick de Zeeuw, Co-Founder Startupbootcamp Global, said: "We are very excited to have AVG as the latest partner in Startupbootcamp NFC & Contactless. AVG can provide Startupbootcamp with digital business insights and mentoring for the 10 selected companies in the Near Field Communications and Contactless Interactions program in Amsterdam."

According to ABI Research, the number of NFC devices in use will exceed 500 million in 2014, so contactless technology has the potential to make a massive impact on how people connect to devices and connect their multiple devices together. Applicants were selected on the basis of the innovation of their business in the field of contactless in particular as it relates to payments, where there are many NFC challenges including keeping such sensitive data private.

"Innovation, research and aspiration are at the heart of our product development ethos at AVG, which aligns with Startupbootcamp's goal of helping the most promising young technology companies get a head start. The three month project essentially pampers the startups by providing access to experts in their market, networking opportunities and world class mentors from the investing companies like AVG," said Shaul Levi, Chief Scientist, AVG Innovation Center, Amsterdam. "Our innovation ethos is founded on inspiring and developing new ideas both from within AVG and in mentoring others on their own path to growth. Contactless is a growing area and, with our goal of helping people keep their connected lives secure and private, it is very relevant to our own business and so we see real synergies there."

At the start of September, AVG unveiled its latest innovations as part of AVG's 2014 product portfolio which delivers the latest online security, performance and privacy products for PC, smartphone and tablet devices.

About AVG Technologies (NYSE: AVG)
AVG's mission is to simplify, optimize and secure the Internet experience, providing peace of mind to a connected world. AVG's powerful yet easy-­to-­use software and online services put users in control of their Internet experience. By choosing AVG's software and services, users become part of a trusted global community that benefits from inherent network effects, mutual protection and support. AVG has grown its user base to 155 million active users as of June 30, 2013 and offers a product portfolio that targets the consumer and small business markets and includes Internet security, PC performance optimization, online backup, mobile security, identity protection and family safety software.
www.avg.com

Keep in touch with AVG

SOURCE AVG Technologies

Add a Comment

News   More...

Securities related to this article
AVG Technologies NV View avg Stock Quote
Australian Vintage Ltd. View avg Stock Quote
Avingtrans PLC View avg Stock Quote
 
Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar


Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - - AVG Invests in Startupbootcamp NFC & Contactless Program in Amsterdam
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: AVG Helps Mac Users Keep Their Computers Lean, Mean and Super-Clean  |  Next: AVG launches Apple®-centric RMM toolset that greatly simplifies management of mixed Windows®/Mac® customer networks for MSPs