Coral CEA Invites New Corporate Members to Join Expanding Software Ecosystem
May 02, 2011 (Close-Up Media via COMTEX) --
Coral CEA reported it has created seven new Ontario companies and 34 new jobs in the field of Communications Enabled Applications (CEA) as well as a new online showcase of 22 new products, services and software development projects.
Coral CEA funds began flowing from the province of Ontario nine months ago, and are being leveraged by private sector investments of a further $19.6 million.
Communications Enabled Applications give software programs a voice via human interaction. With CEA, software programs can solicit spontaneous human input, exchange information and participate in decision-making real-time. CEA marries the network capabilities and intelligence of voice technology with the world of information technology to create entirely new user experiences.
Similar to the Eclipse Foundation, a founding investor, Coral CEA is a developer network focused on the build-out of a member-based software ecosystem. Unlike Eclipse's Open Source model, Coral CEA pursues commercialization through Open Innovation - a business model that combines best practices from both Open Source and commercial development to allow developers to share risk and return on the creation of new software. Once they become members, software companies can both take advantage of and contribute to Coral CEA technology to accelerate development and market entry. Coral CEA administers the code in a software repository, provides testing, developer tools and professional services, and is also capable of providing project-related funding to Ontario companies.
"Coral CEA is proud of the accomplishments of our first nine months," said Brian Forbes, Executive Director of Coral CEA. "In addition to the companies and jobs we've already helped create, we are confident that as our ecosystem builds, Ontario will become a global destination for Communications Enabled Applications expertise. As with any commercial ecosystem, our best ambassadors are our existing members, and we urge prospect companies to check them out in our new online showcase that also includes rapid commercialization tools and services."
"Coral CEA was the catalyst for Videotelephony's development of Global Interpreters Network (GIN)," noted Maciek Kozlowski, founder and President of Videotelephony a Coral CEA member. GIN's Web site functions as a meeting place and on-demand services delivery platform for interpreters and clients from all over the world. A social networking feature lets interpreters post their qualifications and search for work while clients post available jobs. "We received $30,000 from Coral CEA in funding and we contributed $90,000 in in-kind services as a lead project. We found great expertise at Coral CEA, and that is paramount to a small company. Without their support there was no way we could have undertaken the level of development work that brought GIN to life."
Coral CEA assists its members with the creation of new products, services and companies in the new multi-billion global market for Communications Enabled Applications (CEA). The organization serves as an Open Innovation network that is Member-led, technology-neutral, industry-driven and non-profit. Coral CEA provides governance and operational oversight over various CEA Platforms, Processes, Knowledge Libraries and Commercialization Services on behalf of its Members.
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