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Last Updated Wednesday March 29 2017 08:37 PM IST

U2opia Mobile to invest $3 million for startups

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Startup (Representative image)

Singapore: In a move to boost innovation in mobile, Singapore headquartered mobile technology company U2opia has launched Catapult Programme to help startups grow by investing $3 million in over three years.

The programme has invited early-stage startups and entrepreneurial teams focused on innovation in scalable mobile technology.

"The Catapult programme aims to give entrepreneurs a chance to work on their dream projects, get the needed support and also get a chance to leverage on U2opia mobile's existing global network," Sumesh Menon, Co-Founder and Managing Director at U2opia Mobile said.

Under this programme, all teams will be given access to technology infrastructure, working space, brand and marketing support, management and financial cover, along with a chance to leverage on U2opia mobile's global reach.

To qualify for the programme, entrepreneurial teams need to have a product that has global focus, a proven history of user traction, a validated plan for user growth and should be within two years in business.

Once the teams apply, shortlisted/selected teams are taken under the programme and will be incubated and supported for a period of six months. The early traction and momentum for these teams will determine the next course of growth.

(With agency inputs)

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