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Surge In I-3 Competitors

The surge in submissions to Innovacorp’s I-3 competition has been quite remarkable, especially in rural areas.

The innovation agency announced this week that it received 228 submissions for the 2013-2014 startup contest – an increase of more than 60 percent for the last time the biennial competition was held. Sixty percent is astonishing. The number of entries rose 9 percent four years ago, and 7 percent two years ago. Now there is a sudden surge in nascent companies.

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