Spark10 Calls for Startups for enrollment in 13 Week Acceleration Program
Author(s): City Air NewsHyderabad, March 3, 2016: Applications are invited from Startups for the enrollment in 13-week acceleration program announced by India's first European Accelerator, Spark10. Located at the heart of Gachibowli-Hitec...
cityairnews
Mar 3, 2016 12:30
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Hyderabad, March 3, 2016: Applications are invited from Startups for the enrollment in 13-week acceleration program announced by India's first European Accelerator, Spark10.
Located at the heart of Gachibowli-Hitec City Corridor of Hyderabad, at prestigious campus of Engineering Staff College of India (ESCI), Spark10 calls for applications from promising startups who are not so early stage startups. Accepted startups will be taken through an intensive 13-week program endorsed by largest European Accelerator.
The program provides access to Investors, Free work spaces, workshops, and learning experiences that help them achieve their business objectives faster and with more efficiency. After all, it is the Spark10’s goal to provide a strong entrepreneurial ecosystem around these movers and shakers to accelerate bring their businesses to the next level, added Atal Malviya, Founder of Spark10.
Giving details, Atal informed in a press note issued in city today that Spark10 helps to identify and grow the most promising Indian startups with International business guidance, specialist mentorship and funding support, that results in “investable businesses” with high success rate. It provides seed capital, office space and mentors, and the runway necessary to sustain momentum after the end of the acceleration program.
We provide teams funding of INR 20 lakhs per team (including INR 10 lakhs of cash component) against 8% equity in those selected companies, Atal Malviya, added.
The startups have to operate from Hyderabad during the 13-week program where they receive intense mentoring and business support. In addition, we shall also offer free work space for your small team for the period of the program, and credits towards use of Cloud platforms and other partners.
The investment comes from the Spark10 Angel Investors, so startups will have a network of angels supporting their business from day 1. Sixty plus amazing mentors from Europe, UK & India will be available for mentorship, he added.
Interested startups may register with full details on or before 15th of March 2016.
