MTS to pick most successful startups from India for own business - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

MTS to pick most successful startups from India for own business

ST. PETERSBURG, Jun 7 (PRIME) -- Russian major mobile operator MTS and Indian national investment agency Invest India have agreed to introduce technological projects from India into the operator’s business, MTS said on Friday in a statement.

“During the program, MTS will compensate for some expenses on the launch of pilots and movement of teams for the time of acceleration: up to 700,000 rubles per every project in total. The startups with successful pilots could bet on investments from U.S. $500,000 to $1 million,” the statement read.

The main directions of selection will be e-commerce, telemedicine, fintech, and Internet of Things solutions.

(65.2340 rubles – U.S. $1)

End

07.06.2019 16:50