New Delhi: In a move to accelerate innovation and entrepreneurship, the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, has signed a Memorandum of Understanding (MoU) with ICICI Bank.
The partnership aims to provide structured support to startups and innovators across India.
Tailored Startup Programme
As part of the collaboration, ICICI Bank will design a Startup Engagement Programme to be hosted on the Startup India portal. The programme will serve as a key component of Startup India’s digital infrastructure, aligning with its outreach campaigns to ensure wide participation. DPIIT will facilitate ecosystem support by promoting the initiative and linking it with DPIIT-recognised startups nationwide.
Access to Accelerator Facility
Selected startups will gain exclusive access to ICICI Bank’s accelerator facility in Mumbai. The facility will offer:
- Dedicated co-working space
- A structured curriculum to build business skills
- One-on-one mentorship from industry leaders
- Pilot project opportunities with ICICI Bank’s business units
These resources aim to help startups validate product-market fit and sharpen business development strategies.
Networking and Growth Opportunities
The initiative goes beyond infrastructure by creating curated networking opportunities. Startups will connect with venture capital firms, angel investors, corporate clients, and potential partners. They will also benefit from workshops with subject matter experts and exposure through innovation showcases and demo days.
Strengthening the Startup Ecosystem
Through this partnership, DPIIT and ICICI Bank aim to foster a stronger and more inclusive startup ecosystem. The initiative is expected to enhance access to resources, drive innovation, and support the scaling up of emerging businesses across India.
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