We have been seeing a constant influx of corporates and startups joining hands to foster the growth of the startup ecosystem in our country. Many of India’s Top Founders have been been actively investing in early-stage startups and are giving a whole lot of motivation to upcoming entrepreneurs.
Similarly, digital incubators have played their part in the thriving ecosystem but bringing top early startups and talented businesses to connected with startups and corporates for mentorship and funding. Seeing this opportunity, digital incubator Startup Village (better known as SV.CO) has announced a new partnership with PayTM to boost the successes of young entrepreneurs who are still in college!
Starting from January 2017, SV.CO has announced its partnership with the mobile payment giant where PayTM will provide scholarships to the most enterprising engineers who are working on their startup under SV.CO.
Called #StartInCollege, the programme will select engineering students as teams from various engineering colleges through a preliminary coding & video challenge. Successful students will then take part in a final round from which six students will be eventually selected for the six-month programme that features ideation, prototyping and customer validation.
Senior Vice President of PayTM, Shankar Nath said, “Once enrolled in the programme, students can interact with customers and use insights to build great products and prototypes. For university certification, there are partnerships with university boards that offer a degree on completion of the six-month SV.CO programme. Founders of the companies will receive targets that they either complete individually or as a team.”
The program usually consists of a large percentage of women entrepreneurs and the selected students will have their full cost of participation of Rs. 37,500 paid by PayTM over the course of the six months of participation.
SV.CO have been very involved with building a very target based startup ecosystem. Earlier this month, they helped 50 students to get trained at Facebook’s HQ at Menlo Park and it aims to give help to over 5 million students spread across the country’s 3,500 engineering colleges to build a better country of entrepreneurs and product developers.