October 29, 2010 New York City, NY In an additional boost to New York City's growing "Silicon Alley" scene, The Paliwoda Group today announced it is expanding its investments in the city's ecosystem of innovative and creative startups. The firm will use its new Mobile Info Solutions Fund to offer seed-stage investments to NYC-based projects across the mobile Internet sector including location-based services, social networking, mCommerce (advertising and payments), communication, and entertainment. Applications will be accepted beginning January, 2011.
The Mobile Info Solutions Fund will tailor its investment to the value propositions offered by each selected company. "We want to develop long-term relationships with our entrepreneurs by defining the value we can add to a project not just though financial support, but also by providing mentoring opportunities to team members," said Ron Paliwoda, founder and President of The Paliwoda Group, "In many instances, challenges that a startup faces may be overcome by informed advice rather than just financial support that dilutes the equity of existing stakeholders."
The Mobile Info Solutions Fund will back innovators with an eye towards building independent durable companies. "We look for novel solutions to unique challenges within the mobile Internet sector," said Paliwoda, "We also look for agile teams that can rapidly adapt to change since business trends can shift significantly in the time it takes to bring a product to market."
Applications will be reviewed as they are received, and the most promising projects will be invited to meet with a member of the firm's Ventures investments team. Projects will be announced as they are selected for funding, unless they choose to remain operating in stealth mode.
For more information on The Paliwoda Group's Mobile Info Solutions Fund, visit www.paliwoda.com/fund
About The Paliwoda Group
The Paliwoda Group is a private investment firm that focuses on young companies with unique value propositions, and companies that require restructuring or divestiture. Through it's Ventures arm, the firm identifies and invests in talented teams looking for guidance on taking their early-stage initiative to the next level, with an emphasis on projects and intellectual property that can add value to, or complement, the firm's existing business divisions, products and technologies. Company information is available at www.paliwoda.com