AngelPrime, the newly launched incubator has launched a CTO-in-residence program aimed at hackers and geeks.
“We minimize risk, provide basic salary, a professional fully-furnished and well equipped office space, and a great environment to work with proven entrepreneurs and advisors on a day to day basis, to disrupt and innovate. But most importantly we provide a great opportunity to turn their disruption into a funded product company within a few weeks or months”.
The Bangalore based incubator is currently looking for (upto) 5 CTOs who could turn validated business concepts into great companies within 90-180 days. Two of the incubated projects at AngelPrime are a) a company in payment space and b) another startup in smartphone/tablet space.
While the idea sounds very cool, the key would be to see if AngelPrime goes beyond the ideas that are currently incubated (which have been in-the-making for quite sometime), i.e. get geeks outside the incubator’s founding team network and give them the ammunition to build something awesome.
A Peeve: Making of Incubator Bubble in India
