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cVidya Selected as Finalist in European Venture Contest

cVidya Networks announces that they have been selected as a finalist in the European Venture Contest. cVidya was short-listed among the top 18 out of 500 European companies competing for this award. The overall winner of this contest will be announced at a ceremony scheduled for December 4th, in Lisbon.

The jury which decides the outcome of this contest consists of representatives from the top venture capital firms in Europe. Their selection of cVidya Networks as a finalist in this contest reaffirms cVidya's market position and technological accomplishments, reflected in cVidya's high-profile involvement in the TMF as well as cVidya's high standing in the recent Red Herring 100 Europe Award.

The goal of the European Venture Contest is to identify as early as possible the high tech based innovative companies that will/could become the global leaders of tomorrow, to provide them with an international platform and network of financers and dealmakers and thus accelerate their growth, to assist the innovative entrepreneurial regions in identifying these ventures and have them benchmarked internationally by world-class investors.

The European Venture Contest receives the gracious support of numerous partners including regional development agencies, venture capital associations, business plan competitions, business press and other support organizations at European and regional level.



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