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L-R Raj Aggrawal, CEO of Localytics and IBM Smartcamp finalist gets some advice from Ashifi Gogo, CEO Sproxil one of last year's SmartCamp finalists

L-R Raj Aggrawal, CEO of Localytics and IBM Smartcamp finalist gets some advice from Ashifi Gogo, CEO Sproxil one of last year's SmartCamp finalists

IBM is teaming with Statoil, Kongsberg Group and DNV to develop an environmental monitoring system for oil and gas activities. This is an image of subsea operations at Statoil's Vega Field. (Photo: Statoil) Read the News Release: www.ibm.com/press/us/en/pressrelease/36675.wss.

IBM is teaming with Statoil, Kongsberg Group and DNV to develop an environmental monitoring system for oil and gas activities. From left: Karl Johnny Hersvik (Statoil), Jens Erik Ramstad (DNV), Morten Thorkildsen (IBM), Vidar Hepsø (Statoil), and Even Aas (Kongsberg Oil & Gas Technologies) on board M/K Simrad Echo. (Photo: Ole Jørgen Bratland/Statoil). Read the News Release: www.ibm.com/press/us/en/pressrelease/36675.wss.

From L-R: Mark Fernandes, Sierra Ventures, Mark Gorenberg, Hummer-Winblad, Don Wood, Draper Fisher Jurvetson and Promod Haque, Norwest Venture Partners give advice to the 2011 IBM SmartCamp finalists