Telecom based solution provider U2opia Mobiles is planning to invest around $3 millions in startups engaged in similar technology involving telecom so as to boost them. The project will include funding in 5 to 6 companies which consist of minimal 3 or 4 working members. The initial stage will also aim to provide low profile start-ups and entrepreneurial firms which are going through tough conditions and unable to raise funds. The areas in which U2opia is interested are the anti virus in mobiles, gaming solution for operators, and so on.
According to Co-Founder and MD U2opia Mobiles, Sumesh Menon,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.
The companies are liable to benefits of U2opia’s platform so that they outreach global market and get their fare share of being a telecom company. It will escalate targeting mobile operators and internet publishers. The yet-to-be-disclosed teams will receive incubation thus getting support for next 6 months. The momentum for these teams will determine the next course of growth.
The respective telecom company backing by investors Matrix Partners and Omidyar Partners. The headquarter office located in Singapore, Dubai, Delhi and San Francisco. The funding of $3 million indicates a sentiment towards prolonged solutions for the certain market. Supporting the companies is quite imperative towards the community. The opportunity to back up young entrepreneurs so that they continue making noel technology, build great products, henceforth reducing the fear of failure.