U2opia Mobile Rolls out Catapult, a Launchpad Program for Startups

NEW DELHI, June 10, 2016 /PRNewswire/ --

- The Company is Actively Connecting With Start-ups in the Telecom, Mobile Advertising, Utility Apps and Mobile Gaming

- The Program Offers Startups a Chance to go Global With U2opia Mobile's Network in Over 60 countries 

- Plans to Invest Over USD 3 Million in Over Three Years in the Catapult Program 

In a move to boost entrepreneurial zeal and innovation in mobile, U2opia mobile has announced the launch of its, Catapult Program - A platform for growing and scaling early stage product ideas to a global audience.

     (Logo: http://photos.prnewswire.com/prnh/20150219/731415 )

The Catapult program is inviting early-stage startups and entrepreneurial teams focused on innovation in scalable mobile technology.

Under this program, all teams will be given access to state-of-the-art technology infrastructure, ample working space, brand and marketing support, management and financial cover, along with a chance to leverage on U2opia mobile's global reach, where the company runs existing operations in partnership with global mobile operators and internet publishers.

About the program 

To qualify for the program, 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 program 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.

Speaking about the initiative, Sumesh Menon, Co-Founder and MD at U2opia Mobile said, "At U2opia mobile, we believe in supporting entrepreneurial vision and innovation that has global ambition. Given that the investment sentiment in market indicates a prolonged winter for startups, it's imperative that we support the community by creating opportunities for young entrepreneurs to continue building great products without the fear of failure." 

"As an entrepreneur myself, I realize the challenges and uncertainties that other entrepreneurs when the market is in doldrums face. The Catapult program 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," he further added. 

To know more about the program, log on to: http://www.catapultprogram.in

About U2opia Mobile: 

U2opia Mobile is a mobile technology company that enables technology that drives connectivity, fuels transformation and helps companies grow and innovate. Since its pioneering launch in May 2011, its flagship product, Fonetwish, that enables ubiquitous and customized access to the social internet on USSD, U2opia Mobile now offers data driven solutions. U2opia Mobile's solutions include Fonepass, a sponsored data platform that excites customers with possibilities of data and Foneverify, a user authentication tool for businesses application economy. The solutions engage a variety of customers, across generations of handsets.

U2opia Mobile works with the largest and most innovative mobile operators in Asia, Africa and Latin America and is managed by an experienced team with deep understanding of consumer, internet and mobile ecosystems. The company addresses a global user base of 1 Billion users in emerging markets with its innovative mobile data solutions. Over the span of 5 years, U2opia Mobile has inked strategic relationships with over 80 MNO's globally. The company is backed by marquee investors Matrix Partners and Omidyar Network, who provide strategic market reach as well as strong financial support. U2opia Mobile runs operations from Singapore, Delhi, Dubai and San Francisco.    

For further details contact:
U2opia Mobile
Nikita Nadwani
Nikita.nadwani@u2opiamobile.com
+91-9953835798

Neha Chandra
Neha.chandra@2020msl.com
+91-9818055857