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MeitY Joins Hands with Paytm to Support Deep-Tech Startups

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Ministry of Electronics and IT (MietY) Startup Hub has signed a deal with fintech giant Paytm on Thursday to support the deep technology basedstartups.
The collaboration will helpstartupsby providing them access to the platform, resources, knowledge series, experts and the large community of stakeholders. This will create a suitable ecosystem for Saas and app-based startups built on the deep-tech platform technologies like Artificial Intelligence, Cloud computing and Machine learning by mentoring, technological assistance and go-to-go market strategies.

“MeitYStartup 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,” said AK Garg, Senior Director, Innovation and IPR Division, MeitY.

Founded by Vijay Shekhar Sharma, Paytmis one ofIndia’s topmost financial services company that offers full-stack payments & financial solutions to online platforms, consumers and offline merchants.

“Paytm’s entrepreneurial DNA, strong focus on responsible scaling, futuristic product-orientation, and deep-tech-in-house expertise represents a combination of resources and conducive environment for Indian startups to learn, grow and scale the heights of success globally,” added AK Garg.

Founded in 1991 in New Delhi, MeitY deals with policy matters relating to electronics, information technology and the internet. This program will provide mentorship through a Unicorn talk series by providing subsidised payment gateway services.

Tech startupsin India have captured investors around the world, particularly in the SaaS space. Indian startups have also generated ampleglobal interest.
“Paytm’s partnership with MeitYStartup Hub 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, Senior Vice President, Paytm.

They will help startups enrolled in the programme access investors, incubators and investors offer a ‘startup toolkit’.