Spark10 plans to invest $100 million in Indian startups in next two years, says founder Atal Malviya

Paul Smith, founding advisor of Spark10, India’s first European accelerator and co-founder and CEO of Ignite100, Europe’s angel-led acceleration fund and investor has said that Hyderabad has a chance to be world leader in technology. “But, you need people and skills to support. Our vision through Spark10 is to see every house in India has an entrepreneur,” he said. “Spark10 will expand to other cities in Telangana and different parts of the country. Spark10 plans to invest $100 million in Indian startups in next two years. Our vision is to have 500 plus mentors. We have already roped in 100 plus mentors, who have already given their consent,” informed Atal Malviya, founder – Spark10. Some of these mentors include Masato of Japan, the brain behind Avatar, the American science fiction film; Jon Bradford, the Startup Accelerator expert in UK; Jonathan Quigley, Director of World Economic Forum; Director of CHC (Consumer Health Care) at BoehringerIngelheim, a global group of companies in Japan and Founder CEO Sleep out UK; Kevin Wilkins, founder of Trepwise, an entrepreneurship consultancy firm, Apurva Roy Chowdhary, Apple Evangelist, Deepak Narayanan, CEO of MyCFO, an implementation services company; Jaroslab Berce, a leadership professor and author of Leadership by Virtue book from University of Slovania; Nichelle N. McCall, Startup Strategist and CEO at BOLD Guidance; Navneeth Nayagam, Head of Operations, Novartis, Switzerland and others. Vivek Reddy another associate of Spark10 disclosed that they would soon expand to Warangal, the next IT destination in the newly formed state of Telangana where they would set up an Accelerator and an Incubation Center. “We are in negotiation with institutes of national reputation and various government bodies in Warangal for tie ups. We would like to reach as many tier-II and tier-III cities as possible for our future expansion,” he shared.