New Delhi, Delhi, India:
WUS – a SAAS-based startup – is building a digital platform to provide financial security, job security and social security to “low-income workers”, simultaneously delivering a significant return to potential investors by monetizing services provided to the target audience. WUS is incubated at IIT Kanpur and the National Center of Excellence for Cybersecurity Technology Development (N-CoE) – a joint initiative conceptualized by the Ministry of Electronics & IT (MeitY) and the Data Security Council of India (DSCI).
WUS was selected for the Acceleration program by Citi’s Social Innovation Lab. Under the program, WUS will benefit from mentorship, go-to-market strategy, seed funding, and networking and scaling opportunities. At a special event, Mr. Nandan Nilekani – Co-Founder and Chairman of Infosys and Ex-Chairman – Unique Identification Authority of India (UIDAI) inaugurated this program.
Citi, Indian Institute of Technology Kanpur (IIT Kanpur) and T-Hub, a technology incubator, have onboarded 29 promising start-ups as part of the Social Innovation Lab by Citi. The program aims to support innovations with a positive impact on society in the fields of AgriTech, HealthTech and FinTech.
Mr. Vinayak Godse, Senior Vice President, Data Security Council of India, said, “I would like to congratulate the WUS team for being selected by CITI for their acceleration program. We are satisfied with the work of WUS as it develops safety technology for citizens and workers. The national CoE has made concerted efforts to accelerate cybersecurity technology innovation and product entrepreneurship in the country. With 43 incubated start-ups (WUS being one of them) and supporting over 100 start-ups, we aim to make India a cybersecurity innovation hub.
Prasoon Sharma – Founder and CEO of WUS, said that WUS had secured access to 40 million workers (scalable up to 450 million) and funding from India’s Department of Science and Technology and India’s Ministry of Electronics and Information Technology. ‘India.
Ashwani Singh – Co-founder and CTO of WUS, said, “WUS’ microfinance solutions provide loans, insurance and digital payments to ‘low-income workers’. WUS’s Cyber Shramik initiative protects “low-income workers” from online financial fraud.
Previously, the Nasdaq Entrepreneurial Center selected WUS, an IIT Kanpur start-up, to the The Spring 2021 Milestone Makers cohorts, which selected a small group of leading global start-up founders working on the United Nations Sustainable Development Goals (SDGs) around reducing inequality.
Company contact information: https://workerunionsupport.com/
Contact details: [email protected]
For more reference:
IIT Kanpur Press Release: https://www.iitk.ac.in/new/media-invite-launch-of-startup-cohort-2022
Statement by Mr. Nandan Nilekani during the show: https://timesofindia.indiatimes.com/city/hyderabad/india-set-to-see-massive-transformation-nilekani/articleshow/90160513.cms