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Jade Magnet signs MOA with International Organizations

Team YS
21st Jul 2010
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Jade Magnet, Asia’s largest creative crowdsourcing marketplace has entered into collaborative agreements with two international organizations – Nautillus and HealthSprint.

Nautillus is an open innovation platform based out of Central Europe with a vision to create and share technological knowledge using digital means. As a part of the agreement, Jade Magnet and Nautillus will share the knowledge network and selected projects based on the core focus areas of the platforms. Importantly this will provide opportunities to access projects beyond geographies for providers on both the platforms thereby enabling knowledge enhancement and virtual collaboration.

HealthSprint is a healthcare focused technology solutions provider based out of India with over 200 hospitals and medical centers running on their systems for insurance information exchange and other requirements. Jade Magnet has signed an MOA with HealthSprint to work on an interactive product which would enable hospitals across India to reduce their time & effort spent on insurance claim processing. The product will be customized based on specific hospital requirements.

“Such collaborative engagements with industry pioneers will help us expand and scale with better efficiencies. The focus in terms of end results of both the engagements here is different however the vision is the same i.e. to provide high quality marketing and advertising solutions to organizations across the globe in the most cost effective manner.” says Manik Kinra, Co Founder & CMO Jade Magnet.

Jade Magnet recently completed its 100 clients since its launch in Jan 2010 and has seen significant traction in India. “We are now in a position to go global and similar collaborations will only help us get there faster and better. We are also in talks to work on a similar engagement model with one of the biggest player in Middle East with a focus to service clients in that region and also provide opportunities to providers there” says Sitash Srivastava, Co Founder & CEO Jade Magnet.

Jade Magnet with over 2500 providers on its network has been able to crowdsource not just one time small ticket items but also complex projects like portal development, animation etc. A TiE supported venture, Jade Magnet intends to build the complete ecosystem for marketing and advertising solutions right from brand conceptualization to execution with an added layer of Delivery Assurance managers to ensure the quality of the deliverable meets the client expectations.

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