|By Business Wire||
|October 2, 2013 10:19 AM EDT||
Telerik®, an end-to-end provider of application development tools and solutions for building and analyzing cross-platform and mobile applications, today announced that Telerik Inc. has opened a new US office in Palo Alto, CA. In addition, it is sponsoring and hosting a Silicon Valley-based accelerator program for emerging mobile app and web development companies using HTML5. Named Mach5 Accelerator™, the program is an extension of Telerik’s international accelerator program, formerly based in Hong Kong.
“Telerik’s accelerator program is designed to support the best and brightest up-and-coming companies with a unique vision for pushing the boundaries of web and mobile/cross-platform development,” said Stephen Forte, Chief Strategy Officer, Telerik. “Silicon Valley is home to ultra-talented people with unique technology perspectives, creativity and passion. Those are key reasons why Telerik Inc. set up shop in Palo Alto. It’s also why I’m excited to relocate from Hong Kong to Silicon Valley. More than 100,000 organizations in 94 countries now depend on Telerik for their development needs. We want to help propel companies also seeking to empower developers in brand new ways through this program.”
Between now and November 22, Telerik’s Mach5 Accelerator program is accepting applications from startups looking to participate in the 14-week program that will kick-off in January 2014. The focus will be on mobile app development or web with HTML5 and will leverage Telerik’s core cross-platform technology, Kendo UI®.
Sponsored by Telerik and led by Forte, the Mach5 Accelerator program stems from the highly-successful AcceleratorHK™ in which 12 companies established their presence in the highly innovative Hong Kong market. Now in the US, the accelerator aims to enable participants to learn valuable lessons about target segments, incorporation procedure, advisory committees and securing funding. Participating companies may also be able test their ideas and get real-time feedback through the session culminating in a demo day where companies present their business models.
Additionally, participants may take full advantage of the resources Telerik has to offer. This includes sharing space at the company’s Palo Alto office, where participants have the opportunity to learn from some of Telerik’s top executives firsthand, how a successful business is run. Participants could also benefit from:
- Mentorship by key members of prominent leading Silicon Valley companies
- Seed money and technological support services for mobile application creation
- Marketing support from Telerik after graduation
- Development resources for ramp-up
“Telerik’s AcceleratorHK program was a tremendous experience for us,” said Jean-Marc Ly, Co-Founder, Taxiwise, a mobile app-based taxi-booking company. “Without it, there’s no way we’d be as far along as we are today. Telerik’s leadership team provided invaluable insight and mentorship. I recommend this program to any company looking to establish a foothold in the mobile market. Kudos to Telerik for such an ambitious undertaking.”
The Mach5 Accelerator program will run for 14 weeks beginning in January 2014. There are no geographic restrictions, but the program requires strong technical, design and business skills by those who have made some progress via concept, prototype or existing service. For more information and to apply for the Mach5 Accelerator program, please go to http://tlrk.it/193MXhR.
For more information on Telerik Inc.’s Silicon Valley office and to view career opportunities in that area, please click here.
Telerik is a market-leading provider of end-to-end solutions for application development, software testing, agile project management, reporting, and content management across all major development platforms. Telerik’s award-winning software development products enable enterprises and organizations of every size to generate tangible productivity gains, reduce time-to-market, and stay on time and under budget. More than 100,000 organizations in 94 countries depend on Telerik products, including more than 450 of the Fortune 500, academic institutions, governments, and non-profits. For additional information about Telerik, please visit www.telerik.com or follow @telerik on Twitter.
Telerik, Mach5 Accelerator, Kendo UI and AcceleratorHK are either registered trademarks or trademarks of Telerik AD in the United States and/or other countries.
All other products and services listed herein either are, or may be, trademarks of their respective owners in the United States and/or other countries.
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