Latest news with #MeitYStartupHub
Time of India
21-05-2025
- Business
- Time of India
Razorpay partners MeitY Startup Hub
Razorpay has announced a partnership with the MeitY Startup Hub (MSH), an initiative under the Ministry of Electronics and Information Technology. With this partnership, Razorpay and MSH, together, aim to empower the next wave of deep tech and emerging tech startups by providing them access to advanced fintech infrastructure , tailored mentorship, product credits, and an innovation-first ecosystem. MSH, a key pillar of India's tech-forward vision, unites incubation centers, Centres of Excellence, and strategic stakeholders to accelerate the growth of high-impact, tech-driven startups. As India crosses the milestone of over 159,000 DPIIT-recognised startups and 1.6 million jobs created, MSH continues to drive this momentum, especially across Tier 2 and Tier 3 cities, by enabling startups to access mentorship, compliance support, scale sustainably, and build for the future. This partnership is designed to support startups building transformative technologies in areas like AI, blockchain, robotics, IoT, and beyond - providing them the tools, networks, and backing to solve for India, and scale for the world. Under this partnership, all startups associated with MSH will gain access to Razorpay Rize, the company's flagship initiative aimed to empower early-stage startups.
&w=3840&q=100)
Business Standard
20-05-2025
- Business
- Business Standard
Razorpay, MeitY Startup Hub partner to boost India's deep-tech startups
Financial technology giant Razorpay has partnered with the MeitY Startup Hub (MSH), an initiative under the Ministry of Electronics and Information Technology. Through this collaboration, the two entities aim to accelerate the growth of deep-tech and emerging technology startups by offering access to Razorpay's fintech infrastructure, customised mentorship, product credits and an innovation-centric ecosystem. The initiative is designed to bolster India's startup landscape by supporting early-stage ventures working on transformative technologies. The partnership is targeted at startups building technologies in areas such as AI, blockchain, robotics, IoT and beyond. It will provide them with tools, networks and institutional backing to solve for India and scale globally. 'As India advances toward becoming a global innovation powerhouse, it is critical that our startups grow with both agility and integrity. Our partnership with Razorpay will empower founders, especially in Tier 2 and Tier 3 cities, to build with speed and confidence. Peer learning and shared networks remain powerful enablers,' said Panneerselvam Madanagopal, CEO, MeitY Startup Hub. 'As MeitY Startup Hub becomes custodian of deep-tech and driver of inclusive tech, partnerships like these will accelerate impact — ensuring startups scale with clarity, purpose and resilience.' MSH unites incubation centres, Centres of Excellence and strategic stakeholders to accelerate the growth of high-impact, tech-driven startups. As India crosses the milestone of over 159,000 DPIIT-recognised startups and 1.6 million jobs created, MSH continues to drive this momentum, especially in Tier 2 and Tier 3 cities, by enabling startups to access mentorship, compliance support, and scale sustainably. 'Most transformative ideas begin in unlikely places — with a lone founder solving a real problem, fuelled by belief more than resources. But turning belief into a business takes the right infrastructure, wisdom and a community that has your back. If we want to build for the next billion, we must empower the next million builders,' said Arif Khan, chief innovation officer, Razorpay. 'This partnership with MeitY Startup Hub is about giving early-stage founders the tools, authentic mentorship and confidence to build boldly.' Under this partnership, all startups associated with MSH will gain access to Razorpay Rize, the company's flagship initiative dedicated to empowering early-stage startups. Through Rize, startup founders will benefit from a seamless company incorporation experience, with priority support for registering as a private limited company, limited liability partnership (LLP) or one-person company (OPC). They will also gain access to a suite of founder-first resources designed to help formalise and grow their ventures with ease and efficiency. This includes support for Y Combinator applications, expert-led pitch deck reviews, comprehensive founder toolkits and a dedicated content hub. Every quarter, a cohort of startups shortlisted by Rize will also gain access to the exclusive Razorpay Rize Community, featuring curated peer networks, mentorship from Razorpay experts and ecosystem leaders. Benefits include a verified founder directory and invitation-only masterclasses focused on navigating the early stages of building and scaling a startup. To further support operational readiness, startups will also receive exclusive credits across Razorpay's product suite, including its payment gateway, business banking platform and payroll management solution — providing financial infrastructure from day one. This partnership forms part of Razorpay's broader effort to support entrepreneurs across India, including in emerging cities. Beyond MeitY Startup Hub, Razorpay has partnered with state governments such as Rajasthan, Assam and Kerala to deliver region-specific programmes tailored to local startup needs.
Business Mayor
20-05-2025
- Business
- Business Mayor
MeitY Startup Hub Partners Razorpay To Boost Deeptech Startups
SUMMARY MeitY Startup Hub partnered with Razorpay to empower early-stage deeptech startups with mentorship, incorporation support, and access to fintech tools The initiative aims to nurture talent in underserved cities, especially in fields like AI, blockchain, robotics, and IoT Besides, these startups will also get Y Combinator application support, mentorship from Razorpay experts and access to its payment and banking services MeitY Startup Hub has partnered with fintech unicorn Razorpay to foster deeptech and emerging tech startups across the country. The partnership aims to empower startups with access to Razorpay's platform for early-stage startups, Razorpay Rize. Besides, these startups will also get Y Combinator application support, mentorship from Razorpay experts and access to its payment and banking services. Notably, MeitY Startup Hub acts as a central network linking incubation centres and stakeholders to help tech startups grow, particularly in Tier II and III cities. The tie up focusses on startups operating in AI, blockchain, robotics and IoT, giving them tools and networks to build solutions for India and scale globally. Panneerselvam Madanagopal, CEO of MeitY Startup Hub, said the partnership will help startups grow with speed and confidence by providing vital support in mentorship, capital access, and digital infrastructure. Last month, MeitY Startup Hub partnered with Startup Policy Forum (SPF ) to foster technological innovation and promote startups operating in the deeptech sector. It'll focus on startups across sectors, including AI, deeptech and other emerging technologies. Under this partnership, SPF will assist MSH in initiatives like conducting joint research, policy analysis and organising stakeholder engagement, among others. (The story will be updated soon) READ SOURCE
Time of India
14-05-2025
- Business
- Time of India
Delhi Police arrests MBA graduate from Bengaluru and CA from Patna for duping IT ministry of over Rs 3 crore
The Economic Offences Wing (EOW) of Delhi Police has arrested two men, including an MBA graduate and a chartered accountant, for allegedly misusing over Rs 3 crore meant for startups under a government scheme. The funds were released by the Ministry of Electronics and Information Technology (MeitY) through its Startup Hub, a TOI report stated. Complaint from MeitY Startup Hub triggered probe According to the police, the case was registered after the MeitY Startup Hub (MSH) filed a complaint regarding the suspected misuse of funds under the SAMRIDH scheme . The accused have been identified as Prashant Agarwal (34), an MBA graduate from Bengaluru, and Sudhanshu Kumar Rakesh (35), a chartered accountant from Patna. Accelerator misused role and created fake papers Under the SAMRIDH scheme, accelerators are selected to support startups by providing funding and structured help. Agarwal, as director of a not-for-profit society, was appointed as one of the accelerators. His organisation proposed to support eight startups and committed to funding them. Continue to video 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Discover the 18 Most Jaw-Dropping Luxury Hotel Pools Around the World! Click Here Based on this proposal, MSH released over Rs 3 crore to the organisation. However, police said the funds were never passed on to the startups. Instead, fake utilisation certificates were submitted to MSH. These documents, which claimed the funds had been used properly, carried the name and seal of CA Rakesh. Forgery used to cover up fund misuse, say police An officer said, 'The documents were used to mislead MSH and cover up the misappropriation of govt funds meant for startup development.' Live Events Accused arrested from Bengaluru and Patna Amit Verma, Deputy Commissioner of Police (EOW), said, 'Agarwal was arrested in Bengaluru, and based on his disclosure, Rakesh, his alleged co-conspirator, was arrested in Patna.' The investigation into the alleged diversion and misuse of government funds is ongoing.
Time of India
13-05-2025
- Business
- Time of India
Google announces applications for startup accelerators in India
New Delhi: Google on Tuesday announced that applications are now open for the Google for Startups Accelerator : AI First India 2025 program. According to the official statement by Google, this initiative is aimed at supporting India's growing AI ecosystem by helping startups in the Seed to Series A stages. Startups focused on Agentic AI and Multimodal AI are especially encouraged to apply. The deadline for applications is June 30. It said "As a part of our continued efforts to support this vibrant ecosystem and contribute to the broader goals of the IndiaAI Mission, with the support of MeitY Startup Hub, we are excited to open the applications for the Google for Startups Accelerator: AI First program in India". India's tech scene is expanding quickly, driven by skilled professionals and a strong economy. Artificial Intelligence is being adopted rapidly, with the government making it a priority through efforts like the IndiaAI Mission. Google also noted that according to projections, India's Generative AI market is expected to exceed USD 17 billion by 2030. AI is also set to play a key role in helping the country achieve its USD 1 trillion digital economy target by 2028. Through this accelerator program, Google stated that the selected startups will get access to top-tier mentorship from Google teams including DeepMind, Cloud, Android, Play, Ads, and others. Startups will also receive one-on-one support based on their goals and progress, guided by dedicated startup success managers. Participants will have access to free Cloud TPUs, Cloud credits (if eligible), and the latest AI tools and models from Google. They will also get hands-on support in integrating advanced AI models such as Gemini, Gemma, Imagen, and Veo to overcome technical challenges. Last year, the tech giant noted that the accelerator program had a major impact. Participating startups raised over USD 61 million in funding and gained access to the Google Cloud Marketplace, helping them reach new markets and improve their products. It said "Last year's Google for Startups Accelerator: AI First India program significantly impacted participating startups, resulting in over USD 61M in cumulative funding, Google Cloud Mrketplace integration for expanded market access, and notable product improvements". Google hopes to support and empower the next wave of AI-driven startups through this year's program.
