Why Spark10’s newest program should be on every founder’s bucket list.
- Ornativa reports 1200% growth in revenue and wins ShopClues’s Next Big E’-preneur Award including investment worth Rs. 1 Crore
- OH’LOOK recognized by the Hindu as one of India’s Top 5 Innovative Startups, reaches finals of The Vault (a reality show telecast on ET Now) and Haywards 5000 Hausley ki Udaan (a show on ABP News). Awarded “Best Startup of AP and Telangana”.
- Artivatic receives seed funding from a Singapore-based Angel Investor.
Ornativa is a tech-enabled fashion jewelry startup. Brisky is an online concierge service for nightlife that helps discover, share and book tickets to events. OH’LOOK is an online innovative fashion subscription, clothing rental and styling service for men. Artivatic is an Enterprise AI Platform, built on the patterns of Genomics Science, Psychology and Neuroscience Capabilities to automate decision making with prediction, personalization & recommendation in real time. From B2C to B2B, simple e-commerce businesses to highly technical product-focused companies, all of these are very different yet growing success stories of Indian startup ecosystem.
What do these startups from diverse industry verticals have in common then?
They were all part of Spark10 Accelerator’s cohorts of 2016 and 2017 where an experienced team of mentors, entrepreneurs, and investors helped them build solid foundations for a scalable and sustainable business.
Spark10 has had 2 immensely successful cohorts so far, with 13 startups graduated in total, and each one of the startups has benefited from the investment, mentorship, guidance, and exposure received from our team. So far, our three-month program worked well for an idea and early stage startups (with MVP) who needed guidance in the initial stages. OH’LOOK founders Arshad and Arman attribute their success to the fact that our mentors at Spark10 challenged and pushed them to validate and change their business model twice after identifying loopholes in their initial plan.
At Spark10, we believe in the dictum by Polaroid co-founder Edwin Land: “It’s not that we need new ideas, but we need to stop having old ideas”. Atal Malviya, Spark10 CEO says, “Being in the business of promoting innovation, we believe in constantly changing and challenging ourselves so we get even better.” Therefore, with time, we recognized the need to re-invent our program to cater to the varied needs of all technology and technology-enabled startups, at diverse stages in the growth spectrum. Our new program is designed to deliver support to our startups for an extended period, allowing entrepreneurs to focus more on their business in the near term. All this with double the capital investment as compared to previous cohorts!
|Description||Traditional Accelerator||Spark10’s new accelerator program|
|Duration||3 months||6 months|
|Location||Co-locate with accelerator for 3 months||Distributed and for one week every month, in-person meetings and reviews with mentors at mutually convenient location|
|Capital||Seed capital of Rs. 10 lakhs for variable equity||Equity capped at 6% or up to a maximum of Rs. 20 lakhs|
We also offer mentorship to companies that have progressed beyond idea and MVP stage and are already funded or don’t need investment from us, so that they can scale-up. For companies that are at MVP stage, we offer mentorship and capital to build the business. For idea-stage companies, our team of experts helps in transforming an idea to MVP to a sustainable business by offering guidance, capital, and mentorship.
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