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February 26, 2024

Vidya Vartha

Education News Portal

BITS Pilani, RBI, ICICI Bank launch fintech accelerator programme for startups

The “FinXcelerator” initiative, which is being launched by the Pilani Innovation and Entrepreneurship Development Society (PIEDS), BITS Pilani, the Reserve Bank Innovation Hub (RBIH), and ICICI Bank, aims to accelerate fintech start-ups.

The 45-day accelerator program will offer mentoring, individualized support, and opportunities for pilot projects with ICICI Bank and other corporate firms to selected startups. Feature meetings, board conversations, organizing meet ups and a demo day for new businesses to grandstand developments to possible financial backers and partners will likewise be held during the program.

The internet based application window for FinXcelerator will be open till September 24. After the accommodation period, applications will be assessed, and custom-made objectives will be set for each chosen startup. Rajesh Bansal, President, RBIH, said, “We are satisfied to team up with PIEDS-Pieces Pilani and ICICI Bank for FinXcelerator. This endeavor will pave the way for a vibrant fintech ecosystem in India and assist in driving innovation in financial services. ICICI Bank will offer curated mentorship, master classes, and accelerated opportunities to design entrepreneurs’ solutions to selected start-ups. The Bank will likewise give admittance to its Programming interface library. The RBIH, a completely possessed auxiliary of the Save Bank of India, advances and works with development across the monetary area. The PIEDS, the beginning up cell of Pieces, Pilani, has practical experience in brooding, speed increase, and subsidizing for new companies.

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