The said collaboration will be used to support deeptech startups from concept validation to product development and further venture journey
MeitY Startup Hub (MSH), an initiative of the ministry of electronics and IT (MeitY) , announced it joined hands with India Accelerator. The latter is a startup accelerator under its flagship program SOMA.
“By partnering with India Accelerator MSH envisions building a conducive startup ecosystem for encouraging the innovative capabilities of deeptech startups and helping them transform their path-breaking ideas into scalable solutions,” noted Jitendra Vijay, CEO, MSH while welcoming the strategic alliance of MSH with India Accelerator.
National coordination, facilitation and monitoring center
In order to facilitate MeitY’s vision of promoting technology innovation, start-ups, and the creation of Intellectual Properties, a nodal entity called ‘MeitY Startup Hub’ (MSH) has been set up under its aegis. MSH will act as national coordination, facilitation and monitoring center that will integrate all the incubation centers, start-ups, and innovation-related activities of MeitY.
The said collaboration will be used to support deeptech startups from concept validation to product development and further venture journey. The support system inlcudes assisting startups on aspects such as best practices, fundraising, go-to-market, knowledge sharing/ technical know-how, etc.
“We understand that the requirements of deeptech startups are unique and felt a strong need for a specialized platform, one that deep tech entrepreneurs could leverage in order to expeditiously develop cutting edge technologies and in their active commercialization,” said Ashish Bhatia, founder, India Accelerator.
He added,”With Soma, we wish to conjure this special ecosystem and make it a game-changer for deep tech startups.”