Innovation fund Pontaq signs deal with TN govt to support startups

Holds investor summit with participation from 50 tech-based startup founders

Pontaq, an innovation fund that invests in early-stage technology businesses in the UK, India, US and Canada, has signed a memorandum of understanding with the Tamil Nadu Startup and Innovation Mission, which s backed by state government.

Under the terms of the MoU, the government will help Pontaq-supported companies expand business operations in the State. As part of this, Pontaq organised an investors summit in the state. Mahesh Ramachandran, General Partner, Pontaq, said, “At Pontaq, we help entrepreneurs scale at scale. We not only provide the required funding but mentorship and access to customers.”

Fifty tech-based start-up founders participated in the event.