PurpleTalk Inc., a California based mobile application development company plans to provide funding to mobile web based and mobile startups in India and has launched an incubator called PollenEight. The goal of PollenEight is to help aspiring entrepreneurs and engineers with their business ideas with seed (initial funding) capital. PollenEight will also provide entrepreneurs with resources and mentorship by industry experts and veterans.
Applications can be made through the website www.polleneight.com. Selection criteria for PollenEight funding involves a lot of parameters such as the team composition, size, level of interest, ambition and the technical capabilities of the team.
After funding, entrepreneurs will get to attend social events organized by PollenEight, where they will be able to demonstrate their early prototypes. This is in addition to the regular mentorship which is a part of the program. As of now, PollenEight plans to select up to eight teams or ideas at a time for funding, with two batches running annually.