New Delhi [India], Mar 9 : Fintech platform delivering flexible EMI-free loan products to salaried professionals LoanTap participated in an esteemed '3rd Festival of Innovation' at the office of the President of India to recognize, respect and reward grassroots innovations and foster a supportive eco-system for them.

The event which was held at Rashtrapati Bhavan, witnessed Vikas Kumar, Founder and CTO of LoanTap leveraged the opportunity to pitch his innovative business idea in front of venture capital investors and accelerators.

Held in the month of March at The President's House, 'Festival of Innovation' is an annual event to promote creativity and innovation in India.

Its various editions have witnessed participation of multiple global innovation leaders, noble laureates, and visionaries, along with budding entrepreneurs and promising innovators from the country.

The initiative is widely hailed as an ingenious solution to promote innovation and create an inclusive social development ecosystem in the country.

A part of the week-long program, Pitch@RB observed the involvement of multiple venture capitalists, start-ups, and Indian market leaders, besides 9 grassroots innovators in the event. The program witnessed unconventional innovations that tackled key problems within the society by various participants.

The program was concluded with the closing speech by The President of India, Pranab Mukherjee and it was preceded by Gopalakrishnan, Co-founder, Infosys and Axilor Ventures.

"It is fascinating to see how people from diverse fields have come up with vibrant and out-of-the-box innovations to address a multitude of problems faced by our society. Being offered the chance to present our start-up idea on such a prestigious platform has been an honour and a result of tireless determination by the entire team at LoanTap,' said founder and CTO LoanTap, Vikas Kumar.

"We would like to express our gratitude to India Quotient, CII, and above all to our President Shri Pranab Mukherjee for offering us the dais to pitch our start-up. Witnessing the sheer brilliance of the program, we are confident that the Festival of Innovation will herald the advent of a completely new generation of entrepreneurs, innovators, and business leaders of tomorrow," added Kumar. (ANI)