WTC Pune launched an Accelerator Platform

World Trade Center Pune has partnered with First Rate WealthTech, a venture capital firm that aims to foster specialized innovation under sectors like AI, Sustainability, Fintech, MedTech and FMCG. This collaboration aims to leverage Pune's strengths as a key hub for IT/ITeS, automotive industry, manufacturing and education to drive growth and scalability within the startup ecosystem

Pune, a rapidly emerging tech hub, is solidifying its position as a key player in India's economic landscape. Its strategic location, coupled with a robust educational ecosystem, affordable cost of living and supportive government initiatives, has made it a magnet for both domestic and international investment. It is referred as "Oxford of the East" for its academic excellence, Pune is home to educational institutions that fuel a highly skilled workforce.

The city’s growing prominence in the fintech sector is particularly notable, driven by policies such as the Maharashtra FinTech Policy 2018, which supports innovation and startup growth. This has positioned Pune as a rising global fintech hub, fostering a dynamic ecosystem of financial technology companies. The expansion of this sector is not only stimulating local economic growth but also contributing to India's broader digital transformation, creating jobs and driving technological innovation across industries.

Financial technology or fintech leverages advanced technologies like digital banking, personal finance, blockchain, etc to deliver financial services like softwares, applications or platforms, ultimately improving the efficiency, accessibility, affordability and security of the financial industry.

With adequate fintech technology of their own, First Rate WealthTech from Arlington, Texas in the USA, aspires to support late-stage startups and aims to acquire established platforms. What's more is an underlying drive to provide mentorship for entrepreneurs through programs and demo days with industry professionals to leverage their expertise. This strong commitment to social responsibility and community focus establishes their outlook towards nurturing a healthy entrepreneurial ecosystem. Lastly, this collaboration between WTC Pune and First Rate WealthTech is a significant step in supporting India's expanding fintech sector, which, valued at USD 111 billion in 2024, is expected to grow to USD 420 billion by 2029. As one of the world’s largest recipients of foreign direct investment, India, with Pune at its helm, is primed to continue shaping the future of global trade and finance.