By Sachin Murdeshwar
Mumbai: HealthFin an emerging startup in the financial technology (Fintech) sector got a major boost as it received funds from Govt. Of Maharashtra as part of the state’s governments Mumbai Fintech Accelerator program.
The Mumbai Fintech Hub is an initiative of the Government of Maharashtra has been established in the Mumbai Metropolitan Region as a focal point for Fintech activity within the State of Maharashtra. Honorable Chief Minister of Maharashtra Shri. Devendra Fadanvis was chief guest for the occasion. Honorable Chief Minister Devendra Fadanvis shared his thoughts on the Fintech industry and connected to various startups, industry experts, leaders and technocrats. Mr. Parvaiz Hussain, Chief Executive Officer, HealthFin received a cheque of Rs. 10 lakh at the hands of received at the hands of Honorable Mr. Othmar Hardegger, Consul General, Switzerland, Mr. S V R Srinivas, Principal Secretary, Directorate of Information Technology, Government of Maharashtra & Prof. Suhas Pednekar, Honorable Vice Chancellor, Mumbai University at a function held in Mumbai which also saw presence of Shri. Nitin Gadkari, Union Minister for Road Transport & Highways, Shipping, Water Resources, River Development & Ganga Rejuvenation, Shri. Suresh Prabhu, Minister for Commerce & Industry along with Bollywood Superstar Shahrukh Khan and Cricket Legend Sachin Tendulkar.
The main aim of the program is to promote innovative startups in the state by means of encouraging, engaging and enabling the entrepreneurial ecosystem. Startups from sectors such as education, healthcare, agriculture, clean energy, environment, water management, smart infrastructure, mobility, governance, financial inclusion and cyber were invited to submit their applications for the program. The startups presented their solutions to an esteemed panel of judges comprising representatives from state government, industry and academia and the top three from each of the 24 sectors. Each start up received funding of up to Rs. 15 lakh for their solutions and demonstrate proof of concept. Further, they will be provided state support and mentoring from its institutional partners, to deploy solutions on the ground for a period of one year. A dedicated pitching session will also hosted for startups looking to expand their operations in overseas markets for which 5-10 promising ventures was also financial support up to Rs.15 lakh for their market development programs abroad.
