To unlock the potential of the Indian market, the New South Wales (NSW) government has initiated a high-impact fintech accelerator program in collaboration with Afthonia Labs.
This aims to empower Australian startups to enter and thrive in India successfully, as per press release.
These efforts are part of the push from the Australian and Indian Governments to strengthen trade ties, with a particular focus on fostering collaboration in key sectors such as fintech and cybersecurity. As per the press release, India’s vibrant startup culture and growth opportunities can offer Australian businesses an opportunity to tap into high-potential business areas. The accelerator program has been designed to help remove the complexities of navigating a large, diverse, and highly regulated market like India, especially in domains such as fintech.
This exclusive six-month program will provide NSW fintech startups with a structured, immersive, and outcome-driven framework to scale up their operations in India. The program ensures that each participating startup receives customised support, maximising their potential for long-term success in India.
“With a strategic blend of resources, mentorship, and robust industry networks, this program offers an unmatched opportunity for Australian startups to build a sustainable foothold in India, one of the world’s most dynamic markets,” said, Tanul Mishra, Founder, Afthonia Labs.
Through this collaboration with the NSW Government, Afthonia labs will help participating startups gain accelerated market entry and expansion. It will fast-track the startup’s entry into the Indian market by leveraging the program’s curated pathways. These navigation paths are designed to provide deep insights into regulatory frameworks, market dynamics, and cultural nuances. The targeted approach minimises the overall risk of failure.