SPINACT Moves Operations to Ben Franklin TechVentures Incubator

After nearly a year of operation in downtown Bethlehem, SPINACT, LLC, a company specializing in on-demand training and providing a global web-based marketplace for knowledge and skill acquisition for professionals, announced it has become a resident incubator company and moved its operation to Ben Franklin TechVentures.

Managed by Ben Franklin Technology Partners of Northeastern Pennsylvania, Ben Franklin TechVentures offers a work environment specific to the needs of emerging technology-oriented businesses. As a resident company, SPINACT employees are part of an entrepreneurial culture that fuels innovation. They receive business support services and resources tailored to early-stage firms.

“We are pleased to have SPINACT in our portfolio of companies,” said Wayne Bartz, manager of Entrepreneurial Programs. “In today’s competitive global market, companies need to provide ongoing opportunities for employee skill building and training with a close eye on budget. SPINACT’s knowledge platform is the next wave of knowledge transfer and provides companies with tools for self-directed, on-demand training formatted and styled in the way that the employee chooses so they learn and retain more.”

“We are proud to be a Ben Franklin TechVenture resident company and look forward to leveraging their expertise as we move forward with our Knowledge as a Service™ (KaaS) platform,” said Monty Kalsi, founder, president and chief executive officer of SPINACT.

ABOUT SPINACT

SPINACT’s mission is to bring knowledge to people’s fingertips when they need it. Knowledge as a Service™ describes the current trend in learning and skill acquisition. Just-in-case training, like going to workshops and general training sessions or reading manuals, is replaced with on-demand, self-directed skill acquisition format. Training is delivered wherever and whenever needed like at an office desk, on a laptop at home or away on a business trip, or even via a smart phone. In fact, with just-in-time, just-in-place format, individuals learn what they need to learn at the exact time it is most effective -- when they need to know.

SPINACT’s model provides a knowledge center of quality content in various formats that will include, among others, white papers, videos, audios, presentations, and even scripts. The user chooses the format in which they learn best.

Business consumers will either subscribe to the service fully, by category or use a pay-per view feature while producers of content will earn royalties, a unique component of the SPINACT business model.

SPINACT’s initial rollout will focus on content and support in areas such as SAP, Oracle, and other Enterprise applications. It is SPINACT’s long term strategy to expand into areas of business process training such as compliance training.

For more information on SPINACT, subscriptions, content producer information or how to participate in SPINACT’s test rollout visit www.SPINACT.com, the SPINACT blog at blog.spinact.com or email info@spinact.com.

MORE ABOUT SPINACT, LLC

SPINACT, LLC is the world provider of “Knowledge as a Service™.” Our goal is to be the On-Demand Marketplace for knowledge and skill acquisition for professionals in all disciplines. We provide solutions to small, medium and large businesses along with individual knowledge consumers. Our business model is the sale of "Knowledge Content" through subscriptions and individual courses while passing on the royalties to the "Knowledge Producers". Additionally we are building an ecosystem around training and learning combined with social networking.