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MeitY Startup Hub (MSH), an initiative of the Ministry of Electronics and IT (MeitY), has entered into a Memorandum of Understanding (MoU) with Paytm to bolster deep-tech startups by providing access to platform, knowledge series, experts, resources, and larger community of stakeholders.
The joint efforts of MSH and Paytm aims to create an ecosystem for Software As A Service (SAAS), and app-based startups built on the deep-tech platforms such as Artificial Intelligence, Machine Learning, Cloud computing, etc., through support in terms of mentoring, technological assistance, and go-to-market strategies.
“Paytm’s partnership with MeitY Startup Hub (MSH) will bring numerous benefits for the Indian startup ecosystem. It will aid India’s startups by providing them access to mentorship, networking and business opportunities. We believe the collaborative approach will prove truly beneficial for India’s startups,” said Praveen Sharma, Paytm Senior Vice President.
We applaud the government’s efforts for India’s entrepreneurial ecosystem and being an Indian startup, we are grateful to play a role in further boosting the same, he added.
MSH and Paytm will give mentorship and guidance through a unicorn talk series which aims to inspire new entrepreneurs to build unicorns out of India.
It also focuses on pairing up with incubators, accelerators, investors, and offering a "Startup Toolkit" to solve for payments, distribution, and growth challenges for early stage startups.
“MeitY Startup Hub,through its association with Paytm, aims to build a strong deep-tech startup ecosystem by providing support for the path-breaking, solution-oriented innovators. Paytm’s entrepreneurial DNA, strong focus on responsible scaling, futuristic product-orientation, and deep-tech in-house expertise represents combination of resources and conducive environment for Indian startups to learn, grow and scale the heights of success globally,” said Dr. AK Garg, Senior Director, Innovation and IPR Division, MeitY.