TECH ACCELERATOR OF THE PARS NETWORK
PARS INVENT aims to take advantage of its network in Silicon Valley to promote the most promising new startups and mid-stage companies globally. With headquarters in the Bay Area, but offices across the world, PARS INVENT strives to help grow the next generation of brilliant ideas.
PARS INVENT is a multi-stage program for promising new startups and existing companies that haven’t yet reached their potential. The program is designed to provide chosen teams with experience-based mentorship and results oriented coaching.
Access to PARS Network’s Corporate Offices to set up shop and start building your product and team
Meet regularly with mentors from network and receive personalized coaching from Mo Tahmasebi, CEO of PARS and Stonefly Inc.
Selected teams will be offered seed investments to jumpstart development and progress throughout the program.
WE LOOK FOR COMPANIES THAT HAVE
Passionate and engaged team members that are mission driven
Well articulated target markets that show substantial growth potential
Thought through data gathering processes to measure company’s progress
Clear and realistic milestones that show measured and continuous growth
SURROUND YOURSELF WITH SUCCESS
Once accepted into the PARS INVENT program, teams get access to the PARS network’s mentorship groups, corporate offices, and seed investment opportunities.
Mentorship from experienced Silicon Valley entrepreneurs
PARS’ Mentorship Network is made up of serial entrepreneurs that have over 30 years of experience. Mentors have weekly office hours available for teams to meet and discuss progress and next steps. In addition, each team will have the opportunity to work alongside PARS CEO Mo Tahmasebi for more personalized business coaching and development.
Access to PARS Network’s Corporate Offices
Acceptance into the program enables team members to use PARS’ Corporate Offices to ignite their growth. With plenty of space to grow, the offices enable expansion opportunities for the growing businesses.
Opportunities to raise funds
Selected angel investors and VC representatives make office visits to meet teams and scout out new investment opportunities. Your team can use these unique meet ups to cement funding for your venture.
When is the application due?
We have a rolling deadline and you can submit your application at any time. We aim to have second round interviews within two to three weeks of submission. However please keep in mind that the earlier you apply, the easier admission will be.
Does the program require us to be in the San Francisco Bay Area?
While we believe that companies will be able to get the most out of the program by being at the PARS Network’s Corporate Offices, it is not necessary to relocate to California to be apart of the program. We want what makes most sense for you and your budding company. Keep in mind however, if you choose to not be physically present during the program, you still might choose to fly in for important meet ups with investors or particular mentoring workshops
What do you look for when selecting applicants?
At PARS INVENT, we put high importance on cogent and cohesive teams. As you may know, starting a company requires grit, passion, and energy. Therefore when looking at applications, we look for companies that have a strong team whose members show engagement, passion, and interest in the company’s mission.
While we have no guidelines for the team make-up and accept any combination of team structures, we generally encourage founding teams of 2 - 4 that have a mix of skills (both technical and business oriented).
As mentioned on the home page, another criteria with which we evaluate applications is based on the target market they have chosen. While we do not discriminate between industries, we take into consideration how large the selected market is and its potential to grow in the future. The narrative your application builds should use the growth of this market as its foundation. This being said, if you and your team are still deciding between a couple markets, that is fine, but make sure you list the ones you are considering in your application.
Do you accept founders who are not of American nationality?
Absolutely. We proudly promote international innovation and encourage leaders from all over the world to apply.
When will I be given notice of my admission?
We aim to send out requests for second round interviews within two to three weeks of submission. Interviews will be held over Skype or in person if you are in the area. Within a week of your interview we will let you know if you have been accepted into the program and the terms of your acceptance. You will have one week to decide if you will participate after which we will extend the invitation to others.
What stage companies do you take?
Our admission philosophy is grounded in the belief that great ideas should be given a chance at success no matter their current casing. It is for that reason that we are a multi-stage accelerator that accepts early stage ventures as well as already existing companies who have not yet reached their potential. That being said we have a focus on early stage ventures and strive to have a majority of the incoming class made up of early stage companies.
What does it cost to join?
The program itself is free; however, there is an ask for a signle digit common equity that differs from case to case. In addition, PARS INVENT could ask for the right to invest a minority stake in your first funding round.
Since 2014, PARS INVENT has invested in a number of early stage companies and helped them grow to their full potential. Our companies are innovators in their own fields with consistently expanding operations. Learn more about four of them below.
A TECHNOLOGY CONSULTING GROUP THAT SPECIALIZES IN ATLASSIAN WORK LOAD MANAGEMENT AND IS AN ATLASSIAN GOLD SOLUTIONS PARTER.
STARTED IN 2014 WITH SEED FUNDING AND MENTORSHIP FROM PARS INVENT, IT HAS SEEN CONSISTENT GROWTH OVER THE PAST 5 YEARS.
COMPUTER TRAINING ACADEMY
AN ACCREDITED COMPUTER CAREER TRAINING FACILITY THAT GRADUATED OVER 4000 STUDENTS.
ACQUIRED BY CORINTHIUM.
A DATA STORAGE COMPANY SPECIALIZING IN DATA MANAGEMENT, STORAGE, BACKUP, AND DISASTER RECOVERY.
MERGED WITH STONEFLY INC IN 2018.
A SALES PROCESS AND TIME MANAGEMENT SOFTWARE COMPANY.
ACQUIRED IN 2016.
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