The fund was the brainchild of Ingrid Vanderveldt, a serial entrepreneur and Dell’s first entrepreneur-in-residence. Vanderveldt says her impetus came from noticing that many "entrepreneurs, even when funded, still weren’t getting the credit they needed." Amid the buzz surrounding the fund's announcement, we wanted to take a closer look at how it will actually work.
1. The Innovators Credit Fund is not available to all entrepreneurs -- there are several qualifiers.
2. Are you wondering why a business that just received an injection of investment capital would need to borrow money? The idea, according to Steve Felice, Dell’s president and chief commercial officer, is to offer entrepreneurs "access to technology to help fuel growth, while helping [them] preserve precious equity capital for other business needs." In other words, use your funds for revenue-generating activities, and not tech solutions.
3. Felice says one key to growth for many entrepreneurs is international expansion. He believes "technology enables small businesses to get access to more markets, more countries, and more supply chains."
4. If you're a self-funded business, this initiative has some offerings for you as well. Vanderveldt's goal is to create a "one-stop shop" for Dell’s 10 million small and midsize businesses.
Source: Huffington Post