“TiE Chennai will serve as a funnel, and largely identify the entrepreneurs while providing business mentorship. We’ll take them, give technology expertise, and even help them connect with VCs,” Pahuja said.

The incubator is to start with the first batch of start-ups which will be consisting of 8-10 companies, while few of the startups have already made it to the incubation centre. The center is to offer the average incubation period of up to 12 months.

“PayPal is looking at this purely from a “giving back” perspective,” Pahuja said, and “will not pick up a stake or make profit from any of the companies that go through the incubation process,” he added.

“We don’t want entrepreneurs to be worried about rental deposits or anything like that. Too many companies in India are focussing on only delivering to the client… we want them to become the client,” he said.

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