Amazon Web Services wants to give you $100,000

Amazon's annual Start-Up Challenge has begun, and the first prize winner will walk away with $50,000 in cash and $50,000 worth of Amazon Web Services credits.

The Daily Cloud

Amazon kicks off its Start-Up Challenge
Amazon Web Services (AWS) is running its annual Start-Up Challenge; first prize is $50,000 in cash and $50,000 worth of AWS credits. That's enough to run an m1.small instance for 67 years or, alternatively, twenty thousand Quad Extra Large instances for one hour.

AWS has expanded the number of regions challengers can submit from, and the rules are fairly straightforward: run a technology startup, submit your idea and have it judged on its merits by a panel selected by Amazon. Past winners include car insurance sellers MileMeter and data analytics service GoodData.

Indian IT firms want cloud
Research firm Ernst and Young says that Indian firms are going to drive a potential $1 billion cloud market on the subcontinent, with more than 70% of CIOs saying they will be buying cloud -- defined as pay-as-you-go IT services -- over the next 2-3 years.

E&Y said the widespread adoption of virtualization in data centers was allowing more providers to sell cloud services, although it will face the same hurdles found in the larger American and European cloud markets (security, technical maturity and bandwidth). It also cited boosterism as a primary cause for enthusiasm over cloud, so there may be more hype than reality in India at the moment.

Shanghai has a 3-year cloud plan
Chinese economic powerhouse Shanghai has a plan to become the region's leading supplier of cloud computing services over the next three years, according to city officials. Shanghai will sponsor at least ten new companies in the Shanghai Shibei technology park and hopes to generate more than 100 million yuan a year selling computing services.

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