Summary:
ICICI Bank has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to strengthen the Startup India Mission. The collaboration will create new avenues of funding, mentorship, and ecosystem access for early- and growth-stage entrepreneurs across India.
Key Highlights of the Partnership
- ICICI Bank will design and launch a Startup Engagement Programme on the Startup India portal.
- The programme will be integrated with outreach initiatives to maximize visibility and adoption by startups.
- Focus will be on product-based startups, helping them scale and refine offerings.
Access to ICICI Bank’s Accelerator
- Selected startups will get access to ICICI Bank’s Mumbai-based accelerator facility.
- Benefits include:
- Dedicated workspaces
- Structured curriculum for growth
- Mentorship from industry leaders
- Pilot programme opportunities with ICICI Bank’s business units to test product-market fit
- Networking access with venture capital firms, investors, and potential clients
- Participation in innovation showcases and workshops
Supporting Entrepreneurs at Every Stage
The initiative is aimed at early- and growth-stage startups, offering a tailored engagement roadmap that enhances product development, business scalability, and market expansion.
By leveraging ICICI Bank’s ecosystem and DPIIT’s Startup India platform, the collaboration is expected to:
- Deepen access to financial and industrial networks
- Strengthen India’s startup ecosystem
- Empower entrepreneurs driving innovation across multiple sectors
Leadership View
- Sanjiv, Joint Secretary of DPIIT, said the initiative will provide meaningful engagement opportunities for startups and foster long-term impact in India’s innovation landscape.
- ICICI Bank highlighted its commitment to empowering startups through financial support, market access, and strategic mentorship.
Disclaimer:
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