Global TechInnovations and Prostor Fund to grant up to $400K to IT startups

Global TechInnovations and Prostor Fund to grant up to $400K to IT startups Global TechInnovations in partnership with the Prostor Capital investment fund announced the launch of a new program for the acceleration of IT startups - GTI Labs.

GTI Labs is a kind of investment elevator, a unique feature is the participation of representatives from venture capital investor in the project selection. From the very beginning, Foundation representatives will set the KPI for selected teams to achieve it during the program. Thus, the startup will receive financial support not only at the pre-seed stage - $40K, but also the possibility of obtaining further funding up to $ 400K on the basis of 3-month program of acceleration.

Startups will get market and technological expertise during the program, regular working with mentors and gurus in software development which will give an opportunity to develop a proven business model and to test its key hypotheses.

IT projects focused on XaaS (IaaS, SaaS, PaaS), BIG DATA / BI, Crowd Technologies, New E-commerce, High Growth B2B, Platform / Cross-platform Solutions, Augmented Reality, Mobile, Collaboration , Consumer Internet are invited to participate in the selection.

To participate in the selection you need to send your presentation before July, 15 2012 to gtilabs@globaltechin.com.

After passing through all stages of the selection, the best seven projects will receive the status of GTI Labs participant. As a result of the three-month operation in the accelerator, investment committee will select projects for funding.