Quipu Applications Announces Boot-Strap America Business Plan Competition

LAFAYETTE, CA--(Marketwire - Sep 15, 2011) - Quipu Applications, Inc., a Cloud Computing company revolutionizing the way entrepreneurs and VCs communicate and collaborate, today announced the launch of its Boot-Strap America program -- Starting up America One Business Plan at a Time competition. The unique competition invites students to create, manage and submit their start-up business plan using Quipu's dynamic, cloud-based BusinessPlan™ tool for a chance to win up to $30,000 in seed financing. Deadline for submissions is February 14, 2012.

Michael Issa, CEO and co-founder of Quipu Applications, Inc., elaborates on the mindset behind his company's competition, "The entrepreneurial spirit is still alive and well in the U.S. -- it's just stifled by difficult economic times, market uncertainties and lack of funding. At Quipu, we want to help give several brilliant ideas the elusive seed money to get off the ground, grow and create jobs. Who knows, the next Groupon, LinkedIn or Zynga may just be waiting for a little financial boost."

The Boot-Strap America competition welcomes business plan submissions from all U.S.-based, full-time students pursuing undergraduate or graduate degrees in business schools and higher education institutions, including two-year degrees at community colleges. Students submitting applications need not be U.S. citizens, but must have a definitive business plan for a start-up company. Business plans previously funded are not eligible. All business plans submitted must be the work of the student submitting and submitted via a participating university using Quipu's incQubator™. incQubator is available to Universities at no charge through the National University and College Branded Communities campaign which enables national Technology Transfer Offices to create branded BusinessPlan™ communities for the secure monitoring of their investment portfolios.

All submissions will be reviewed by a panel of qualified judges -- with expertise in respective fields of business, venture capital, and law -- on creativity, originality, conception, marketing, competitive analysis, and potential financial forecast. Three winning students will be selected, with the first place winner receiving $30,000, second place $20,000 and third place $15,000. In addition, five students will receive honourable mentions and may continue free access to Quipu social Dashboard and BusinessPlan, enabling them to upload their business plan and monitor its progress for one year. Winners of the competition will be announced through a nationally distributed press release and via social media networks in June 2012.

"Unlike other national business plan competitions, Boot-Strap America is the only program that offers students and educators the use of the industry's most comprehensive entrepreneurial management tool. Educators can engage their own curriculum and financial models for collaboration with their students and the social dashboard business plan software tool adjusts to the individual pedagogy," Issa continued. "Quipu's intuitive, cloud-based software will enable each student to develop and manage a dynamic business plan complete with collaboration, financials, documents, project management, integrated blog, research, wikis, posts, and grouping."

For additional information and submission rules visit Boot-Strap America program. For more information or assistance with the application process, contact Gayle Spence, Vice President of Business Development, Quipu Applications, Inc., at competition@quipuapps.com.

About Quipu BusinessPlan
The Quipu social BusinessPlan is a cloud-based application that sits beneath the Quipu Dashboard and empowers users to develop and manage a dynamic living business plan complete with collaboration, financials, documents, project management, integrated blog, wikis, posts, and grouping. Enterprise 2.0 functions keep all parties informed of progress and updates based on individual permissions and personal preference of notifications.

Join the discussions with other entrepreneurs, SMBs, and VCs on Quipu's LinkedIn Group, follow us on Twitter and view demos of Quipu dashboards on YouTube.

About Quipu Applications, Inc.
Quipu Applications, Inc. is a software development company focused on streamlining business applications while utilizing the power of online technology. Quipu's products are designed for entrepreneurs, investors, accelerators and their communities of interest. For more information, visit www.QuipuApps.com.

Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Quipu Applications, Inc. services should make their purchase decisions based upon features that are currently available. Quipu Applications, Inc. has headquarters in Lafayette, CA, and offices in Pennsylvania, New Hampshire, and in Asia. For more information please visit www.QuipuApps.com.