A contest for Web startups offers to pay a young company to move to Austin . It will award $ 100,000 to move and support a startup during South by Southwest . Capital Factory is a startup accelerator in the Web-savvy city . They are looking for web developers who can build applications that run on their servers, but also have an app store where users can download apps from other companies.
A contest for Web startups offers to pay a young company to move to Austin . It will award $ 100,000 to move and support a startup during South by Southwest . Capital Factory is a startup accelerator in the Web-savvy city . Participants say contest is a way to give back to up-and-comers in tech .