Accelerators and incubators specialising on financial technology startups are increasingly coming to India, with 2016 witnessing the launch of several of them. Economic Times talked about Zone Startups India’s contribution to this ‘Gold Rush’. Read the article excerpts below:
They expect to see global products emerging out of the Indian financial services and insurance industry. Such solutions could have the potential to be replicated in markets similar to India, such as Latin America and some south east Asian countries like Indonesia and Malaysia.
“We work with corporates on mandates to set up an accelerator programme, they focus on sponsoring everything for the selected startups from their accommodation and travel to space to work. While we receive an annual fee by the corporates, they can on-board startups as partners or vendors after a successful proof of concept or acquire them,” said Ajay Ramasubramaniam, director of Zone Startups India.