New Delhi, Aug 10 (KNN) The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a series of strategic partnerships with industry players and ecosystem enablers to support startups through infrastructure access, mentorship, and innovation-led initiatives.
The agreements have been signed with Cashfree Payments, Darwin Dynamics, Vultr India, Cars24, and Council for Startup India (CSI).
Digital Payments and Fintech Support
Under its memorandum of understanding (MoU) with Cashfree Payments, DPIIT aims to enhance access to digital payment infrastructure and fintech solutions for recognised startups. The collaboration includes support for payment and payout systems, identity verification, and risk management tools.
It also provides for capacity-building initiatives such as workshops, mentoring sessions, hackathons, and training in areas including compliance, fraud prevention, and cross-border transactions.
Expanding Inclusive Entrepreneurship
Through its partnership with Darwin Dynamics, DPIIT seeks to promote entrepreneurship in Tier II, Tier III, and rural regions. The initiative focuses on increasing awareness, enabling startup formalisation, and supporting innovation in sectors such as clean energy, artificial intelligence, and advanced manufacturing.
Planned activities include bootcamps, investor connect programmes, and international market access initiatives, with a focus on youth, women entrepreneurs, and first-generation founders.
Strengthening Technology Infrastructure
The collaboration with Vultr India is aimed at improving access to cloud computing and digital infrastructure. DPIIT-recognised startups will be eligible for cloud credits, preferential pricing, and technical support.
The partnership also includes training on cloud technologies such as storage, databases, networking, and application deployment to help startups scale operations efficiently.
Mobility and Auto-Tech Innovation
DPIIT’s agreement with Cars24 focuses on promoting innovation in mobility and automotive technology. The partnership includes mentorship for founders, skilling programmes, and support for artificial intelligence-led solutions.
It also envisages innovation challenges, hackathons, and potential investment support for startups working in mobility and related sectors.
Investment and Global Expansion Support
Under its MoU with the CSI, DPIIT aims to facilitate access to funding, mentorship, and global markets. The collaboration includes programmes on investment readiness, corporate partnerships, and international expansion.
It also seeks to strengthen governance and financial preparedness among startups, while improving linkages between entrepreneurs, investors, and industry stakeholders.
(KNN Bureau)
