During the previous acceleration program, we had brought international investors and mentors to nurture and support the nine startups we had selected for our first cohort in the last summer. Of the nine, five startups have successfully raised the next round (angel) of funding with an average raise of Rs. 57 lakhs and the highest raise at Rs. 1 crore.
In this cohort, Spark10 has picked up five startups for its second cohort which will be run from The Hive, collaborative workspaces at Virtuous Retail’s integrated lifestyle development – VR Bengaluru.
This cohort includes a startup that’s using artificial intelligence to drive market intelligence to advertisers, a stock and market analytics engine that helps individual investors to make better buy/sell decisions, an internet based community focused on beauty and trends, an AI based cognitive technology & data genome company and a startup that’s revolutionizing information security and a customizable cross-industry CRM platform.
We are really excited about the new set of companies that are part of it. We would like to invite you to our Launch Event on 25th Feb – #Spark10Origins to support and encourage these companies.
Paul Smith has kindly agreed to share his experiences in his Keynote address – “Building a Startup Ecosystem That Works!” Atal and Gouri (Director of Spark10) will also address our next big project related to cross-border investments that would interest many of investors and founders.
We are looking forward to meeting you all at the event. Don’t forget to RSVP.
- #Spark10Origins, Spark10, The Hive, Sky Deck, VR Bengaluru
- Date/ time: 25th Feb 2017 at 5pm onwards
- RSVP: email@example.com / 09 666 082 107
The count has begun for the launch of our next Cohort. With just a month to go, we are actively working with our investors to finalize on the selected startups. We are also associating with the large established companies to provide best services and support to our upcoming startups of Cohort 2017 – A.
Below listed are a couple of partners who share our beliefs and values in supporting the entrepreneurship and creating a sustainable global community.
The Hive: Venue partner
The Hive is a co-working / shared office platform, backed by the Xander Group. Our first centre is a 60,000 sq.ft. space with attached suites & residences, fitness club, spa & salon, rooftop pool, lounge bar and microbrewery. It is located at VR Bengaluru, the city’s latest community-centric lifestyle destination.
UREKA: Learning and Development partner
Ureka Ltd is a start-up ecosystem enabler and knowledge provider founded by a group of Sloan Fellows from London Business School that specializes in Entrepreneurship Development and Internationalisation.
They have a presence in London, Bangalore, Hyderabad, Lucknow and soon to be in Dubai.
Ureka’s international network is its biggest asset and it leverages these strong linkages to source experts, mentors, speakers, investors and to provide market access and incubate exchange programs with world leaders in the field. It has direct access to the international networks of the prestigious London Business School, Oxford University, University of London, Yale School of Management and Chicago Booth to name a few.
Amazon Web Services (AWS)
AWS provide startups with low cost, easy to use infrastructure needed to scale and grow any size business. Some of the world’s & India’s hottest startups, including Pinterest, Dropbox, Snapdeal & Redbus have leveraged the power of AWS to easily get started and quickly scale. AWS Activate is a program designed to provide startups with the following resources.
- Technical Enablement –Access to Solutions Architects to help startups improve their architecture and increase security, reliability, and scalability, and reduce costs
- Commercial Enablement –Help startups with AWS Credits leading to reduction in the cost structure as they scale their business
- Go to Market Enablement –AWS Marketplace, Partner Network, public case studies, joint white papers, business development connects, conference showcasing, etc.
Qapitol QA ensures positive online and offline customer experiences resulting in business success. At QQA, they support QA Acceleration at all stages of startup and product evolution and help startups test faster, wider, deeper, better, cheaper to provide them with actionable intel. With Qapitol QA startups can iterate fast and reach the market faster.
Razorpay aims to revolutionize online payments by providing clean, developer-friendly APIs and hassle-free integration. They offer a fast, affordable and secure way for merchants, schools, e-commerce and other companies to accept payments online.
World Startup Factory (WSF)
World Startup Factory is a co-creation platform for startups and all the stakeholders that see value in this process. It’s a startup accelerator based in The Hague, The Netherlands. WSF support entrepreneurs with impact-driven solutions backed by convincing business models.
Penta Security - Cloudbric
Penta Security has been named 2016’s Asian Cyber Security Vendor of the Year by Frost & Sullivan. Cloudbric is a cloud-based web security service, offered by Penta Security. They offer an award-winning Web Application Firewall (WAF), DDoS protection, and SSL, all in a full-service package.
Cloudbric aims to bring enterprise-level website security to small and medium businesses. For easier access to the everyday user, Cloudbric offers a comprehensive suite of protection without complicated installation steps, downloads/updates, nor overwhelming technical jargon. Protect your business and sensitive data with Cloudbric before hacker’s attack.
Hatch is DigitalOcean's global incubator program designed to support startups as they launch and scale. This includes access to DigitalOcean's cloud for 12 months, free technical training, mentorship, priority support, and an opportunity to connect with other startups, accelerators, and investors.
Bizjumper – Value Partner
Bizjumper simplifies the business pitch and extensive plan by providing an online solution that can help shape up an idea into a successful startup and financial community can leverage this platform to create a volume based and extensive business plans for their end customers.
Spark10 is an angel-backed mentor-led startup accelerator. Designed to accelerate your business within a short period of time – 3months. Spark10’s acceleration program is intensive and crams a lot of workshops, talks and milestones every week for you to reach or learn. It gives you a direction and a channel to focus all that enthusiasm you already have.
The program has regular reviews and mandatory milestone reporting. And the founders must justify the progress, speed and failures to program team, investors, mentors and even experts from that specified field.
To apply for the program, fill up a short form (click here) to book your slot for the personal interview.
In the 13-week acceleration program, startups and its respective founders receive the following support and benefits:
1. Access to Capital
Spark10 no longer have a fixed valuation for startups. Rs.10Lakhs is now offered for equity based on a fair market valuation of your startup. Along with this, you also potentially have access to a capital pool of Rs. 2 crores in the form of convertible debt upon graduation and investor’s discretion. At graduation, during Demo Day, you will also have access to Spark10’s investor network with an opportunity to raise the next round of funding.
Four of our cohort 1 startups have closed next level of funding of about 2.55 Cr combined.
2. Global and yet Specialized Mentorship
As a part of the program, you will have access to Spark10’s diverse mentors that come from various industries, domains, functions and geographies to help you develop your business into something far more robust.
Cohort 1 startups had continuous support of 25 mentors on board all throughout the program and a pool of 50 odd mentors to tap into anytime they needed for a mentoring session
3. Increased Visibility
We can proudly say that as a part of Spark10’s cohort, you will be much more visible in and to the members of the eco-system, not just here in India, but abroad as well. Right publicity n take your startup much further than you had imagined.
How to Apply?
We are coming to your city to select the next big startups.
Spark10’s Cohort 2017-A
Divya Jyothi Sampathi
Spark10 Startup Accelerator
Good startups and teams are like treasures and to find them is like a treasure hunt.
And if you want to find a treasure you generally go to the place where the rumors tell you they are! Our December road trip is a treasure hunt of sorts, where Spark10 is looking for 10 great startups to induct into its next batch of the acceleration program. (You can read more about the program here <www.spark10.com/program> and answers to most FAQs here <www.spark10.com/faqs>, and because it’s all well documented, I’ll spare you the trouble of reading it here.)
One question that comes up from that is, “What do we consider as a great startup, at least in the context of the next cohort?”
The answer is simple. We are looking for teams that are working on something game-changing, something (I’m sorry to use the cliche) disruptive. Why? Because the brouhaha about startup scene is slowly fading in India. Investors are wisening up and understand that putting their hard-earned money on just any startup will not do. They want to invest in good teams, techs, and ideas now. Gone are the days when they’d invest in a regular, run-of-the-mill digital shops.
Okay, so why are we still on the road? Well, there’s an age-old proverb that talks about bringing the horse to the pond. You know the one! Many good startup founders, sometimes, don’t know that they need a good support system to grow. Either they are busy building what they are building in silos, or have this misconception that they are really good and don’t need anyone’s help to really know how to take their business to the next level. Also, there is always a possibility that despite all our marketing efforts, the word hasn’t reached into every garage and basement (figurative, since in India, we seldom have a basement or a garage).
We are on the road for this kind of startups and their founders.
We are going to Chennai, Bangalore, Mumbai and Delhi. We are inviting applications from other cities and towns as well, just as we are inviting applications from some incubation or entrepreneurship cells of some premier engineering colleges. We want to make sure that we leave no stone unturned before we ask investors to have a look at the startups and (metaphorically) adopt one of them through the acceleration program.
Fortunately, for startup founders, we are not as unpredictable as the Google maps car/van. You’ll know when we are in your city well ahead of time and so, you don’t have to camp out on the roads waiting for us to pass by.
I’ll see you in these cities soon. Schedules will be posted soon. In the meantime, fill in the application form by clicking here.
COO and Program Director, Spark10