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Short Take: IBM sets up e-business fund

IBM, its subsidiary Lotus Development and the National Federation of Independent Business today said they have set a fund to support the development and deployment of Lotus Domino-based e-business suites for small and midsize businesses. The e-business Development for Growing Enterprise (eDGE) fund totals $1 million. Independent software vendors can apply for a grant of up to $75,000 each, and in turn use the grant and work with Lotus to help small and midsize companies conduct business on the Internet.

IBM, its subsidiary Lotus Development and the National Federation of Independent Business today said they have set a fund to support the development and deployment of Lotus Domino-based e-business suites for small and midsize businesses. The e-business Development for Growing Enterprise (eDGE) fund totals $1 million. Independent software vendors can apply for a grant of up to $75,000 each, and in turn use the grant and work with Lotus to help small and midsize companies conduct business on the Internet.