The California based mobile app development company PurpleTalk Inc. has launched a first of its kind- PollenEight for India only. It is a venture capital initiative for Indian mobile app development industry.
PollenEight was announced at the NASSCOM EmergeOut Conclave on Wednesday. It will help the “aspiring entrepreneurs and engineers” with seed capital finance and help give shape to their business “ideas”.
“Innovation in the mobile space is just starting, and the next big technology breakthrough is likely to be mobile exclusive. For PurpleTalk, this is the right time to actively encourage entrepreneurship in the mobile space. PollenEight will focus on identifying ambitious, talented people and provide them with the support to start their own venture,” said Sridhar Muppidi, CEO of PurpleTalk, Inc.
The “Eight” in PollenEight comprises of idea, team size and composition, potential user base, technological feasibility, level of innovation, profiles and work background of founders, relevance to mobile computing platforms, and revenue / IP potential of the idea. Theses eight fundamental factors will be kept in mind while going for company selection for PollenEight.
India is still at her “pollinating” stage when it comes to smartphone application development. PurpleTalk Inc. with the launching of PollenEight is trying to “bloom” the Indian market.
Check our PollenEight official website for more details.
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