Deal Alert: Mobile contacts mgmt firm SyncUsUp to be incubated at Frictionless Ventures

Mobile contacts management app SyncUsUp, which was a finalist at the Harvard Business School-New Venture Contest held last month in Boston, is to become the first company to be incubated at Frictionless Ventures, an incubator set up by former Citrix executive Ravi Gururaj. Frictionless Ventures will invest $50,000-250,000 in ideas focused on sectors like cloud computing, mobility and big data.