Kozhikode: In an effort to foster research and innovation in fintech, the Laboratory for Innovation Venturing and Entrepreneurship (IIMK LIVE) of the Indian Institute of Management Kozhikode (IIM-K) and the Reserve Bank Innovation Hub (RBIH) have signed a pact that will aim to revolutionize the FinTech sector in India. Professor Ashutosh Sarkar, Executive Director of IIMK LIVE, and Aakarsh Naidu, Head of Fintech and Startups at RBIH, officially signed the Memorandum of Understanding (MoU) at IIM-K.
In particular, the objectives of the MoU are::
- to advance innovation, research, and support for start-ups in the financial technology space.
- to create a unified robust ecosystem in order to accelerate the growth and development of fintech in the country.
- to foster a culture of entrepreneurship by pooling resources, expertise, and innovative strategies.
While announcing the program, Professor Debashis Chatterjee, Director of IIM-K, and Chairman, of IIMK LIVE, expressed the significance of this strategic collaboration. He said that the partnership would enable both organizations to contribute to the ongoing efforts of fostering innovation and entrepreneurship in the financial technology sector. Through their combined strengths, IIM-K and RBIH will be able to create a vibrant ecosystem that supports emerging start-ups and drives advanced research in fintech.
