30th March 2020: India’s financial technology (fintech) sector is growing rapidly, which is primarily fuelled by the emergence of new Fintech Fintech Start-ups, abundance of technical know-how and friendly government policies and regulations.
ICICI Securities (I-Sec), India’s leading financial services firm, as a part of its CSR initiative, has joined hands with the N.S. Raghavan Centre of Entrepreneurial Learning (NSRCEL), the Fintech Start-ups hub at the Indian Institute of Management Bangalore (IIMB), in supporting promising start-ups in the fintech space through a structured program.
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“India is a young nation with over half its population at under 25 years. While the country has made significant strides in digitalization and technological innovation which has made it more competitive in the global landscape, there exists a larger challenge on creation of employment opportunities and jobs for the young population. With the immense potential of the Fintech Sector in jobs creation and economic growth, I-Sec, as part of its CSR initiative, is happy to partner with NSRCEL, one of the oldest incubator cells in the country, to provide mentorship to these Start-ups. We do hope that that this joint initiative will lead to many successful ideas which will provide large employment generation opportunities,” said Mr. Vijay Chandok, MD & CEO, ICICI Securities.
“We had largely remained sector-agnostic in 20 years and this is our first attempt to create impact in a particular domain. Our motivation is simple – focus on an area where there are highly renowned faculty, sufficiently interested students, a large roster of illustrious alumni in that area and finally a thriving Centre of Excellence with deep connections to the industry. Fintech became the natural choice and we are excited to partner with I-Sec to kickstart our maiden program,” said Professor Venkatesh Panchapagesan, Chairperson of NSRCEL at IIM Bangalore.
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Start-ups in ideation to early customer stage will be guided by mentors through need assessment, one-on-one interactions and workshops. The 15-month program is for professionals in Insurance, Trading, Personal Finance, Banking, Wealth Advisory, Lending and Payments and Taxation. These startups can then glide through to the Go-to-Market stage and work on scaling up through guidance, workshops, shared learning, funding, goal-setting through launch of POCs and extensive business growth opportunities. Start-ups will be getting exclusive access to IIMB resources and industry connections in Fintech. At the end of the program, select Start-ups will also be receiving funding support.
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For more info visit- WWW.NSRCEL.ORG/FINTECH
About NSRCEL:
With programs specifically catering to entrepreneurs with profit ventures and social ventures, also student and women entrepreneurs, NSRCEL offers its support to various players of the startup ecosystem.
NSRCEL at IIM Bangalore brings together startups, industry mentors, eminent academicians from its parent institution Indian Institute of Management Bangalore and researchers who thrive on continuous interaction of theory and practice.
NSRCEL is also the first incubator with a program for tailored for social entrepreneurs and their unique challenges.
Visit www.nsrcel.org to know more
About ICICI Securities:
ICICI Securities Limited (I-Sec) is a subsidiary of ICICI Bank Ltd. The company began its operation in May 1995 and continues to grow its operation through expanding its client base and providing different type of services.
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Request NowI-Sec operates www.icicidirect.com, India’s leading virtual financial supermarket, meeting the three need sets of its clients- investments, protection, and borrowing. Through its three lines of businesses — broking, distribution of financial products, and investment banking– I-Sec serves customers ranging from the retail and institutional investors to corporates to high net-worth individuals to government
I-Sec is listed on National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
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