Summary:
NRI Start-up India has announced a challenge for start-ups in the fin-tech sector, the winner of which will get investments worth USD 1 million. They say that the technology-based start-up ecosystem in Gujarat is not as mature as it is in the southern states and hence Gujaratis living in the USA are eager to contribute to Gujarat’s start-up. Non-Resident Gujarati (NRG) entrepreneurs will set up a research and innovation centre in Gujarat for start-ups from the state, across the country and even abroad. All start-up hubs have at least one success story and Gujarat also needs one to emerge on a global platform,” Jay Patel, founder of NRI Start-up India told media person here on Friday on the sidelines of a national start-up pitching event. A challenge similar to this one will also be held in 50 countries, under which 25 clusters will be developed..