New Delhi, March 25 (NationPress) The Department for Promotion of Industry and Internal Trade (DPIIT) of the government has forged a partnership with the fintech platform Razorpay to enhance the capabilities of startups. This initiative aims to provide access to financial tools, founder development programs, and ecosystem support, facilitating accelerated growth, as stated by the government on Wednesday.

The goal of this collaboration is to assist innovators, entrepreneurs, and startups across the nation by enabling early- to growth-stage businesses to scale effectively through the utilization of digital payment solutions, comprehensive financial infrastructure, and dedicated startup support initiatives, according to an official announcement.

This partnership will also offer incorporation assistance, expert mentorship, and structured guidance to help startups formalize, establish, and expand their operations.

Additionally, the introduction of the Startup Sahayak platform aims to provide comprehensive support to early-stage founders, encompassing company incorporation, and access to various central and state government schemes and programs.

The platform is designed to offer advice on funding opportunities and facilitate necessary ecosystem support through a well-structured interface, as per a statement from the Ministry of Commerce & Industry.

Moreover, DPIIT and Razorpay are set to host regular knowledge sessions covering a range of topics, including applied artificial intelligence, marketing strategies, product development, and financial management, through the Startup India Hub, ensuring extensive outreach.

Startups recognized by DPIIT will benefit from incorporation support with no professional fees (excluding applicable government charges), along with access to various credits and incentives related to financial and business services.

Furthermore, startups will have the opportunity to engage in mentorship, pitch deck evaluations, application guidance, and curated resources for early-stage development. Selected startups will be integrated into specialized founder communities to promote peer learning, networking, and additional ecosystem support in fields like engineering, recruitment, and marketing, as stated by the ministry.

Joint Secretary of DPIIT, Sanjiv, underscored the importance of providing seamless access to financial infrastructure and tools, indicating that this will significantly contribute to the acceleration of startup growth.

Harshil Mathur, Co-founder and CEO of Razorpay, emphasized the surge of startups across the nation, especially in Tier 2 and Tier 3 cities, highlighting the necessity for strong infrastructure, mentorship, and ecosystem support for the country.

aar/pk