Spark10's Selection Process of Ten Startups for its proposed 13 Week Accelerator Program reaches final stage
The final 10 startups shorts listed from 500 applicants will be announced at Spark10 Origin program to be held in city tomorrow Hyderabad, April 01, 2016…. The much talked about selection process for 13 Week Accelerator Program announced by Spark10, India's first European Accelerator reaches final stage.
- (1888PressRelease) April 05, 2016 - Disclosing this addressing a press conference here in city today, Atal Malviya Founder, Spark10 and Investor in Tech Startups in Europe and UK said the First cohort (10 Startups) handpicked from well over 500 applications will be announced tomorrow in a special event "Spark10 Origins", scheduled in city at Cyber City Convention, near Hitex Kondapur. The final 10 teams - the people, their ideas, goals and aspirations will be made public through Episode 0 of Spark10.tv in this event. They will also be introduced to the five hundred plus gathering of Startup Community in the city. It will be graced by who is who of the community. Paul Smith, Founding Advisor of Spark10, India's First European Accelerator and Co-Founder and CEO of Ignite100, Europe's Angel-Led Acceleration Fund and Investor is specially flown in to grace the function. This is Paul's maiden visit to city where he would be conversing with Startup Community about "Building Successful Startups" - sharing his invaluable insights from Ignite100.
Paul Smith via Ignite100 has invested on over 60 teams and delivered eight programs across the UK, working alongside VC and angel investors, as well as providing consultation and management for third-party accelerator programs to corporates and UK Government.Smith is the author of a best-selling, non-fiction book "Twichhiker: How One Man Travelled the World by Twitter." The book is based on his award-winning project Twicchiker, an attempt to travel around the world relying only on the goodwill of people using social media network 'Twitter.' 60+ mentors from Europe, UK and India will mentor the ten selected startups and offer them global exposure and assured funding. This program will begin from mid April'16. These ten startups will be taken through an intensive 13 weeks program endorsed by largest European Accelerator. The program provides access to Investors, free work spaces, workshops, and learning experiences that help shoot them into the stratosphere.
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 spark 10.Speaking on the occasion Paul Smith 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.These selected startups will move to Hyderabad for the 13 week program where they receive intense mentoring and business support. The investment comes from the SPARK10 Angel Investors, so startups will have a network of angels supporting their business from day one.SPARK10 will also announce in the event on 2nd April about its next stop to Warangal - the city known for its educational institutes and engineering talent will be home of second Spark10 center in Telangana. Announcement will be made by Mr. Vivek Reddy who hails from Warangal and is part of Spark10 team.Media Contact: Solus Media, D.Ramchandram, Mobile: 9848042020
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