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Verb Spins Out of the University of Texas at Austin
Date:1/15/2014

the company supported the competition through an innovative global employee engagement program in which more than 1,000 Dell team members from around the world volunteered as judges and mentors.

“We are proud to have partnered with UT to develop a groundbreaking program that combines our passions for entrepreneurship and innovation,” said Trisa Thompson, Dell vice president of corporate social responsibility. “And we are excited to see the DSIC evolve into a new business focused on enabling people and organizations to develop new ideas and innovations that ultimately make the world a better place.”

In 2013, Dell partnered with Verb to produce the Dell Education Challenge and the Dell Empowering Women Challenge. Together, these two new competitions attracted more than 1,200 entrepreneurial teams who are currently competing for a combined prize purse of $65,000.

Tom Meredith, former CFO of Dell and Austin philanthropist, co-founded the original RGK Social Innovation Challenge in 2006 and has now co-founded Verb with Austin social entrepreneur Suzi Sosa. “The exponential growth of the Dell Social Innovation Challenge reflects the rising trend of social entrepreneurship in the world today,” says Mr. Meredith. “Entrepreneurs are making use of new business models to create highly innovative solutions to pressing social problems, like energy, education, women’s empowerment, housing and more. What is needed now is a platform that can help these early-stage ventures get access to the tools, resources, talent and capital they need. That is what Verb will provide.”

Website: http://www.goverb.com
Twitter: @GoVerbWorld
Facebook: Facebook.com/GoVerbWorld

Contact
Cristián Méndez Sâbre
(512) 270-83
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Source: PRWeb
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