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Paytm looks for the next big thing in its startup incubator

ALL HANDS ON DECK: Paytm to bring together students & professionals to create open source tech solutions through its incubator programme.

, ET Bureau|
Dec 26, 2017, 08.56 AM IST
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ET Bureau
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“We will encourage the participants to keep their work opensourced. These projects’ code will then be shared via GitHub,” said senior VP Deepak Abbot.
MUMBAI: Paytm is all set to join the ranks of India’s growing accelerators and incubators through its incubator programme to enable building and sharing of solutions among technology developers in India. The ‘Build For India’ initiative will see Paytm bring together students and professionals, who can build open-source-based solutions and share those projects with the global developer community.

The programme will focus on designing solutions around education, digital lifestyle, financial inclusion and also new-age technologies, including machine learning, augmented reality and virtual reality. The virtual incubator will be aimed at finding developers who can use technology and design to build world-class solutions. Paytm’s premises will facilitate mentoring sessions, hackathons, bootcamps and also technology and design support for the student community periodically.

Paytm is in talks with student bodies and faculty across the IITs, NSIT (Netaji Subhas Institute of Technology), Delhi Technological University, Amity University and BIT Mesra among others and is looking to kickstart the programme with around 20 institutions, which will be further widened going forward.

“We will encourage the participants to keep their work opensourced. These projects’ code will then be shared via GitHub,” senior VP Deepak Abbot told ET.

“The objective is to give back to the developer community and not to sell these solutions. The virtual incubator will help any developer working in our focus areas to design world-class solutions,” he added.

While the programme does not immediately involve a monetary benefit for students, key solution builders and outstanding solutions will be recognised by Paytm with some of them being offered scholarships and even potentially recruited.

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