The Ministry of Commerce and Industry signed a memorandum of understanding with a private company to further strengthen the country’s start-up ecosystem across mobility, fintech, and emerging tech sectors.
In a statement, the Ministry said that the partnership will also explore hosting innovation challenges under the Bharat Startup Grand Challenge to promote entrepreneurship in areas such as electric mobility, auto-tech, finance and sustainability.
It also added that this collaboration will accelerate the growth of the Department for Promotion of Industry and Internal Trade recognized start-ups by providing strategic mentorship, market access, technology infrastructure, and funding opportunities.
