Paypal launches incubation centre in Chennai Payment gateway PayPal is setting up a startup incubation centre in Chennai in partnership with The Indus Entrepreneurs (TiE) to provide office space, mentoring, technical training, and networking opportunities, reports The Hindu. Paypal has incubators in its Boston and New York offices, but this is the first time that the company has tied up with an external agency to do so. The company will offer business and technology advice to incubated startups apart from connecting them to VCs. They will include 8-10 startups in the first batch and the average incubation period will be 12 months. The company had launched PayPal Blueprint towards the end of last month to provide mentorship, customer service and free payment processing to startups. It's not clear if the one being set up in Chennai is part of this programm. It is also not clear where interested startups should head to if they want to be part of the incubator in Chennai. Indian Angel Network reaches out across the border Indian Angel Network has called for applications under its Indo-Pak initiative called ‘Startup Dosti’, the cross-border business plan competition that has been developed in partnership with the Karachi-London based SEED Ventures and the Washington DC-based Atlantic Council. The top five selected teams from India and Pakistan will be flown to Thailand where they will spend a week together and pitch to a cross-border panel of investors for the finals, with a chance to enter into on-the-spot negotiations and walk…
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