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Sparknext will admit promising individuals as EIRs, help them in building and growing ideas into a startup, and offer seed funding

Ahmad Aftab Naqvi, CEO and Co-founder of Indian digital agency Gozoop, has announced the launch of Sparknext, a venture builder that will admit promising individuals as Entrepreneurs in Residence (EIRs) and help them in building and growing ideas into a startup.

As per an official statement, Sparknext generates ideas internally or through its network of investors and industry experts. It then teams up with entrepreneurs and provides them with proven resources for idea validation, branding, UI/UX, technology, marketing, PR and fundraising, to build and grow these ideas into independent companies.

“We are currently in the process of setting up a financial vehicle that will follow up on early-stage rounds of its startups,” said Naqvi.

The idea for Sparknext was inspired by his experiences working with established startups such as Amazon, Flipkart and Snapdeal.

Ahmed Aftab Naqvi – Founder, Sparknext

“We decided to take all our experiences that we had while working with some of India’s top unicorns across design, technology and marketing to identify winning techniques that would increase a startup’s chances of survival and success. Our startups get exclusive access to industry leading designers, engineers, marketing, content writers and a network of mentors,” said Naqvi.

Currently, Sparknext has six founders and two EIRs building their startups. These include established entrepreneurs such as Henry Bruckstein (who sold his company CloudSquad to Persistent Technologies last year) and promising first timers ex-Mumbai cricketer Sahil Kukreja and Nimit Bavishi.

Also Read: India gets new US$50M early-stage VC fund Rainmaker Ventures

Some of its recent launches include Fiticket, Happy2Refer, Campaignstars, MyDietist, Made in Heaven, Adfluenz. The rest of the startups and products are currently operating in stealth mode and will be hitting the market in the next two months.

Image Credit: Shutterstock

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