PayPal announces 5th edition of Incubator Challenge

: Global digital payments firm, PayPal has announced the fifth edition of the Incubator Challenge that provides a conducive environment for budding startups to grow in a competitive business environment.
Applications to take part in the Incubator Challenge were open from early-stage financial technology companies, startups specialising in machine learning, data and logistics to compete for a spot in the Incubator, a company statement said here.
Launched in partnership with The Indus Entrepreneurs in 2013, PayPal Incubator offers start-ups access to technology counsel and mentorship, infrastructure support and networking opportunities.
"The PayPal Incubator, with its state-of-the-art facilities backed by our 17 years of global experience and expertise, will help start-ups compete in a very competitive business environment," General Manager of PayPal Technology and Head of Engineering, Guru Bhat said.

"The recent demonetisation move has created a behavioural shift towards digital payments and as we build the next generation solutions, the Incubator will help elevate and drive innovation," he said.
Till date, PayPal Incubator has hosted ten startups and provides access to angel investors and venture capitalists, the release added.