India Accelerator collaborates with ICICI Bank and Infosys Finacle to promote the startup ecosystem in India By CIOTechOutlook Team

India Accelerator collaborates with ICICI Bank and Infosys Finacle to promote the startup ecosystem in India

CIOTechOutlook Team | Tuesday, 03 January 2023, 11:59 IST

A programme designed to support and collaborate with India's startup ecosystem, the i3 Launchpad was today launched by India Accelerator, a seed-stage accelerator programme. This was created in association with ICICI Bank and Infosys Finacle, a unit of EdgeVerve Systems, a fully-owned subsidiary of Infosys for product development. The i3 Launchpad's goal is to help a group of businesspeople who are working to build brands that can have an impact on the entire world. Its goal is to support entrepreneurs by utilising the opportunity, mentorship, and resources provided by Infosys Finacle, ICICI Bank, and India Accelerator (IA).

There will be two cohorts in the programme each year, with a target of 12 to 18 firms in each cohort, and it is available to startups in all industries. Fintech, corporate tech & SaaS, proptech, wealthtech, sustainability & greentech, and insurtech are among the industries that will be the focus of the inaugural cohort. A combination of online and in-person group learning sessions are available to founders. On the I3 Launchpad website, startups can find out more and submit an application.

Speaking on this new initiative, Deepak Nagpal, Managing Partner, India Accelerator said in a statement, “Lack of guidance is one of the primary reasons why so many start-ups fail or are not able to carry out sustainable business for a longer period. This is where India Accelerator comes into play as the award-winning start-up accelerator, which has supported over 150 start-ups. Joining hands with Infosys Finacle and ICICI Bank will further add to our expertise. The i3 Launchpad program leverages the experience and strengths of India Accelerator, ICICI Bank, and Infosys Finacle in a structured manner to create meaningful and high-growth startups”.

Sajit Vijayakumar, SVP and COO, Infosys Finacle, said, “India has taken global leadership in fintech innovation. Yet, there is so much more to achieve to unlock the country’s full potential. As the preferred technology partner to over 60% of Indian financial institutions, we are constantly working with industry participants to Inspire Better Banking. This program is yet another important initiative in this pursuit. The collaboration will aim to help fintech startups fast-track their growth and impact.”

Balaji V.V., Chief Technology Officer, ICICI Bank, said, “Digital initiatives have always been a part of ICICI Bank’s philosophy since its inception. We continue to look for opportunities to collaborate with startups to foster innovation and add value to all our stakeholders. It will be a delight to witness startups with innovative ideas making a positive impact on the startup-ecosystem through the i3 Launchpad program”.