SOURCE: Power of the Dream Ventures, Inc.

Power of the Dream Ventures, Inc.

June 01, 2011 09:25 ET

Power of the Dream Ventures Launches 'The iGlue Summer Annotation Challenge'

BUDAPEST, HUNGARY--(Marketwire - Jun 1, 2011) - Power of the Dream Ventures, Inc. (OTCBB: PWRV), Hungary's premier technology acquisition and development company, and in4 Ltd., developer of iGlue, are pleased to announce the launch of 'The iGlue Summer Annotation Challenge,' a competition that will award cash and prizes to users who contribute the most relevant, value added content generated via iGlue's semantic annotation technology.

'The iGlue Summer Annotation Challenge' starts today, June 1, 2011, and runs through August 31, 2011. At the end of the race the following prizes will be awarded to the most accurate and creative annotators:

  • 1st prize of $15,000 dollars
  • 2nd prize of $10,000 dollars
  • 3rd prize of $5,000 dollars

In addition, several other categories will be awarded, with prizes totaling $10,000, including:

  • 'The Most Creative Annotation' prize to a user who receives the greatest number of 'Thumbs Up' feedback from others
  • The 'Sharpest Eye Error Finder' prize to a user who discovers the greatest number of words with incorrect annotations
  • The 'Speedy Gonzales' prize to a user who attaches the first annotation to the greatest number of new articles

"As we announced two weeks ago, today we start 'The iGlue Summer Annotation Challenge.' This is a seminal moment for the company; this is the official launch of iGlue after four years of development work. We hope that the user community at large will love iGlue as much as we loved bringing it forth. I wish everyone a great time, and hope the end result of this race will be a much improved web surfing experience," commented Mr. Rozsnyay, CEO of Power of the Dream Ventures.

iGlue works by first completing linguistic analysis of text on a web page. It then builds a semantic matrix between the words, and then assigns annotations to those entities it recognizes. The annotation challenge will focus on engaging users to add additional, hand annotation to either words already annotated or to new words on the page. Value added content that can be assigned includes iGlue database entities (selectable from over 83 million data points); images from several sources such as Google, Bing, Flickr, Facebook, Fotopedia; videos from YouTube or iGlue; location maps using Google; links from Google, Bing, or a user defined specific URL; products from such respected sources as Amazon.com, eBay.com and more and even user generated 'Sticky Notes.' All new annotations will be immediately visible to all other users. By this process the internet community at large can 'Wikify' any webpage, creating a new social layer over online content.

iGlue represents a quantum leap in internet technology. Through the interactive use of iGlue's machine and hand annotation feature every single word on any webpage becomes a live, media rich Wikipedia-like junction point, providing users access to immediate, value added information.

iGlue's expanded semantic database contains over 83 million data points, including over 7 million entities, with over 38 million semantic connections between them, including over three million geographical locations, more than one million names, and more than two hundred thousand institutional name entries and more.

iGlue supports Firefox,Chrome and Safari browsers.

There are no special requirements to participate in the Challenge. To join the race simply visit http://www.iglue.com, install either the Firefox, Chrome or Safari plug-in or bookmarklet, sign up to be a registered user and begin annotating.

Winners will be announced on September 14, 2011, and live coverage of the first ten annotators is available on the iGlue website.

About PDV
Power of the Dream Ventures, Inc. is a leading technology holding company. We identify and harness the unique technological prowess of Hungary's high-tech industry, turning promising ideas and ready to market products/technologies into global industry leaders. We focus on developing, acquiring, licensing, or co-developing technologies that originate exclusively in Hungary that are in prototype stage based on existing patents; in prototype stage prior to patenting; existing products that require expansion capital to commercialize; emerging science and high-technology research projects that require help in patenting, developing the product and marketing, University spin-off technologies, and ideas from the very early stage that represent "disruptive technologies." For more information, please visit http://www.powerofthedream.com

About iGlue
iGlue is a collaboratively developed, flexible database that contains semantic elements, entities, and their relations. iGlue uses natural language processing technology to 'read' the content of web pages, to build a semantically linked connection matrix between the words, and then annotates those entities it recognizes. The annotated words become junction points on which value added information is presented to the user. This information includes Wikipedia-like descriptions and multi-media content like contextual images, videos, maps, locations and even user generated comments. In4, Ltd. the company developing iGlue, was founded in 2007. For more information please visit http://www.iglue.com

Contact Information

  • Contacts:

    At the Company:

    Viktor Rozsnyay
    President and CEO
    Phone: +36-1-456-6061
    Fax: +36-1-456-6062
    US telephone: 1-646-499-4510 between 8AM and 1PM ET

    At in4 Ltd.:
    Peter Vasko
    President and CEO
    e-mail: Email Contact