Indian Institute of Administration Bangalore’s Startup Hub NSRCEL Shortlists 25 Indian Fintech Companies for Improvement Program

NSRCEL, a startup hub established on the Indian Institute of Administration Bangalore (IIMB), has launched its record of 25 Fintech firms which have been shortlisted to participate in a 15-month enterprise and product growth program.

By way of this system, these Fintech startups can count on to amass funding from the CSR fund of ICICI Securities, a longtime monetary providers agency based mostly in India.

The chosen Fintech tasks should full a three-month pre-incubation program throughout which they’ll attend a number of informative periods, workshops, and participate in partaking studying actions.

Program contributors can even obtain common one-on-one mentoring and can have the chance to attend advisory periods. They might additionally attend skilled networking occasions, which is able to join them with the related Fintech trade professionals.

Startup founders and aspiring entrepreneurs will probably be requested to ship mock-pitches to enhance their presentation and communication expertise. They’ll additionally get an opportunity to work together with potential traders.

Indian entrepreneurs can even be capable to pitch their enterprise concepts in order that they will participate in undertaking accelerator and incubation packages. Tasks might obtain funding in the event that they meet sure standards, and sure high-potential initiatives will probably be chosen to participate in a 12-month incubation program.

This undertaking has been launched with the help of ICICI Securities as a part of its Company Social Duty (CSR) program (launched in April 2020). Greater than 240 purposes have been submitted to this point, in keeping with a press launch.

The choice panel members included Rajiv Sawhney, COO, NSRCEL and Prof. Venky Panchapagesan, Chairperson, NSRCEL. They interviewed and assessed proposals from all candidates, earlier than they shortlisted the finalists.

The tasks chosen are early-stage companies specliazing in a number of keys areas comparable to buying and selling, lending, funds, wealth advisory, Insurtech, accounting and monetary administration, billing software program and auxiliary sector-logistics.

Members come from 9 completely different cities in India together with Bangalore, Pune, Mumbai, Guragaon, Raipur, Noida, Udaipur and Hyderabad.