13 Jun. 16, NEW DELHI: Singapore based telecom solutions provider, U2opia Mobile will be investing $3 million (Rs. 20 crore approx.) in the next three years on start-ups which are working on mobile technology.
The programme has already funded early-stage start-ups which were focused on innovation in mobile technology growth.
According to sources and reports by ET, Co-Founder and Managing Director at U2opia Mobile – Suresh Menon said, “The Catapult programme aims to give entrepreneurs a chance to work on their dream projects and get a chance to leverage on U2opia mobile’s existing global network.”
Under this programme, all teams will be given access to state of the art technology infrastructure, ample working space, brand and marketing support, management and financial cover,” Menon added, according to NDTV.
To qualify for the programme, the start-ups need to have a product that has focus worldwide, an evident history of its popularity, a proven plan for user growth and shall be within two years in business.
The company is backed by investors – Matrix Partners and Omidyar Network and is operated from Singapore, San Francisco, Dubai and Delhi.