MeitYStartup Hub (MSH), an initiative of the Ministry of Electronics and Information Technology (MeitY) has partnered with India Accelerator, under its flagship program SOMA. The former department intended to promote technological innovation, start-ups, and intellectual property creation, while the latter is one of the leading start-up accelerators.
A nodal entity called 'MeitY Start-up Hub' (MSH) has been established under its framework to facilitate MeitY's vision of promoting technology innovation, start-ups, and the creation of Intellectual Properties. MSH will serve as national coordination, facilitation, and monitoring center for MeitY's incubation centers, start-ups, and innovation-related activities.
The collaboration will help deep-tech startups from concept validation to product development and beyond by advising them on topics such as best practices, fundraising, go-to-market, knowledge sharing/technical know-how, and so on.
Commenting about the development, Mr. Ashish Bhatia, Founder, India Accelerator said, “We understand that the requirements of Deep Tech 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. With Soma, we wish to conjure this special ecosystem and make it a game-changer for deep tech startups.”
The Ministry of Electronics and Information Technology (MeitY), Government of India, is leading and facilitating a variety of Innovation and Intellectual Property Rights (IPR)-related activities across the country in order to expand this ecosystem.
Mr. Jitendra Vijay, CEO of MSH, expressed his delight at MSH's strategic alliance with India Accelerator, "By partnering with India Accelerator MSH envisions to build a conducive start-up ecosystem for encouraging the innovative capabilities of deep-tech startups and helping them transform their path-breaking ideas into scalable solutions."
IA India Accelerator Private Limited is an investment firm. The company makes investments in new startups. It primarily serves in India.
Two investors have contributed to the India Accelerator. According to the Crunchbase website, the most recent investors are InvestMind Solutions and HotStart Ventures.