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Spinta Global Accelerator, LLC, is introducing Silicon Valley’s “open-mind approach” to Asian start-ups through financial and technology hubs of Bangalore, Mumbai and Singapore.
Silicon Valley is the Mecca for technology start-ups innovators share ideas daily and freely, says Prashant Parekh, chief executive officer of the United States-based Spinta.
But Asia remains conservative with innovators and technologies only sharing their concepts on signing non-disclosure agreements, he noted.
“Everybody wants to emulate and aspire to be Silicon Valley which is a Mecca for start-ups. Most of the innovations happen in Silicon Valley and they make it big because it is a state of mind for sharing of ideas,” Parekh told a Singapore seminar on September 7, 2015.
He urged Asian technology start-ups to be more open-minded with their ideas and collaborate in product developments.
Parekh said he would soon bring to Asia the experience of Silicon Valley, which has now been creating innovation for years.
Spinta, with more than 500 technologists based in Pune and Bangalore, is as an accelerator and develops ideas and concept of start-ups. This process helps put a new product on the global market ahead of the competition.
Spinta has the capacity to help start-ups from the early stage and reduce the risk of failing.
“We know that 95 per cent of the start-ups fail. And that is why they need help. There is a lot of help needed as they don’t have enough resources for research work and or the right kind of matured mentors,” said Parekh.
“This is where accelerators like Spinta come in and help them out, give guidance, mentorship and technological help,” Parekh stressed.
Spinta works in India through subsidiary KloudData, which has expertise in mobility, analytics and cloud among others.
“The KloudData team is helping us across the world on start-ups that we bring into Spinta and create a minimum viable product for them.
“Creation of minimum viable product is an extremely important portion of being a start-up. Today, there are not enough tech-savvy developers available for this,” Parekh told technologists attending the Singapore seminar.
Encouraging start-ups, he said: “There are no better times for entrepreneurs to start companies then now. Innovation is mother of everything and with innovation countries could do very well.”
Silicon Valley is the Mecca for technology start-ups innovators share ideas daily and freely, says Prashant Parekh, chief executive officer of the United States-based Spinta.
But Asia remains conservative with innovators and technologies only sharing their concepts on signing non-disclosure agreements, he noted.
“Everybody wants to emulate and aspire to be Silicon Valley which is a Mecca for start-ups. Most of the innovations happen in Silicon Valley and they make it big because it is a state of mind for sharing of ideas,” Parekh told a Singapore seminar on September 7, 2015.
He urged Asian technology start-ups to be more open-minded with their ideas and collaborate in product developments.
Parekh said he would soon bring to Asia the experience of Silicon Valley, which has now been creating innovation for years.
Spinta, with more than 500 technologists based in Pune and Bangalore, is as an accelerator and develops ideas and concept of start-ups. This process helps put a new product on the global market ahead of the competition.
Spinta has the capacity to help start-ups from the early stage and reduce the risk of failing.
“We know that 95 per cent of the start-ups fail. And that is why they need help. There is a lot of help needed as they don’t have enough resources for research work and or the right kind of matured mentors,” said Parekh.
“This is where accelerators like Spinta come in and help them out, give guidance, mentorship and technological help,” Parekh stressed.
Spinta works in India through subsidiary KloudData, which has expertise in mobility, analytics and cloud among others.
“The KloudData team is helping us across the world on start-ups that we bring into Spinta and create a minimum viable product for them.
“Creation of minimum viable product is an extremely important portion of being a start-up. Today, there are not enough tech-savvy developers available for this,” Parekh told technologists attending the Singapore seminar.
Encouraging start-ups, he said: “There are no better times for entrepreneurs to start companies then now. Innovation is mother of everything and with innovation countries could do very well.”
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