Ahmedabad: The Gujarat International Finance Tec-City (GIFT City) has launched the second cohort of its Fintech Residential Programme, aimed at supporting early-stage startups developing solutions in cross-border finance, security, risk and compliance, Web3 and blockchain infrastructure, and GovTech and RegTech. The application process for eligible startups opened on Wednesday and will close on July 5.
Programme Structure and Target Startups
The six-month programme is delivered through the GIFT International Fintech Innovation Hub (GIFT IFIH) and targets startups at various stages, including idea stage, pre-product stage, minimum viable product (MVP) stage, and early validation stage. It combines three months of in-person residency at GIFT City with three months of virtual support, focusing on product development, market validation, and deeper engagement with the fintech ecosystem.
Insights from GIFT City Leadership
Sanjay Kaul, Managing Director and Group CEO of GIFT City, stated, “The convergence of finance, technology and regulation is creating new opportunities for innovation across the financial services sector.” He added that the programme will support founders developing solutions for both domestic and global markets while leveraging the ecosystem available at GIFT City.
Long-Term Vision
GIFT IFIH plans to support 250 fintech startups over the next four years, reinforcing its commitment to fostering innovation in the financial technology space.
