PayPal join hands with TiE

PayPal India, in partnership with The Indus Entrepreneurs (TiE) Chennai, today announced that it is launching the Start Tank Incubation Challenge.

The challenge will induct up to five startup companies into the Start Tank Incubation Center located within PayPal’s premises in Chennai. The unique challenge aims to identify and nurture some of the country’s next generation technology-centric startups.

PayPal’s Start Tank provides an obligation-free environment for select startups to evolve. The exclusive facility in PayPal’s Chennai development center has an office area of more than 11,000 square feet with a world-class incubation space, state-of-the-art conference rooms and other amenities.

Anupam Pahuja, general manager, PayPal Development Centers, India said, “We are excited to launch the third wave of applications from tech startups for Start Tank Chennai through the Incubation Challenge at TiE’s PitchFest. Our aim is to foster the entrepreneurial spirit and focus on building an ecosystem that nurtures entrepreneurship and innovation.”

“TiE Chennai is proud to be associated with PayPal in its mission to create a vibrant startup ecosystem. The incubation center created in PayPal facility – mentored by TiE Charter members and PayPal executives has made a difference to young entrepreneurs. Our dream is to the see the emergence of recognizable brands from Start Tank,” said Lakshmi Narayanan, president, TiE Chennai.

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