DPIIT Signs MoUs with Industry Leaders to Strengthen Startup Ecosystem

Key facts

• The Department for Promotion of Industry and Internal Trade (DPIIT) signed five MoUs with industry leaders to expand support for startups.
• The MoUs were signed with Cashfree Payments, Darwin Dynamics, Vultr India, Cars24 Services, and the Council for Startup India (CSI).
• The partnership with Cashfree Payments will provide startups with payment solutions, identity verification, and risk management services.
• The MoU with Vultr India will offer cloud credits, preferential pricing, and technical support for cloud computing.
• The collaboration with Darwin Dynamics aims to expand entrepreneurship opportunities in Tier II, Tier III, and rural regions.
• The MoU with Cars24 Services will support mobility and automotive technology startups through mentorship and innovation challenges.
• The partnership with CSI focuses on investment readiness, corporate engagement, and global market access.