School of Startups, the startup support arm of Indian edtech firm PhysicsWallah, has signed a two-year memorandum of understanding with India’s Department for Promotion of Industry and Internal Trade (DPIIT), to support early-stage ventures in smaller cities and rural areas through training, mentoring, incubation, investor access, and seed funding.

PhysicsWallah Udyami (PW Udyami) combines 90 days of live online training with a year of mentorship. Other programs include a six-month deeptech accelerator. It also cites incubation and seed grants from Uttar Pradesh’s StartinUP Business Incubation Centre.

DPIIT is the nodal department for the Startup India initiative, under which the partnership was signed.

The deal comes as India expands state-backed startup financing, including a 100 billion rupees (US$1.05 billion) Startup India Fund of Funds 2.0 to support deeptech innovation. The fund channels capital through investment funds rather than giving grants directly to startups.

🔗 Source: YourStory

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