RBI Innovation Hub (RBIH) has collaborated with IIT Madras Incubation Cell (IITMIC) to create a fintech ecosystem in India that is very important to encourage, support, and scale fintech startups.
As a part of this partnership, both organizations will jointly provide and nurture budding fintech firms. Select firms incubated at IIT Madras Incubation Cell will be considered on a timely basis by RBI Innovation Hub for co-incubation. Moreover, these fintech firms will also get strategic and operation guidance, training, and mentoring sessions from RBIH leadership and domain experts. The session will facilitate connecting to a larger ecosystem of startups, vendors, investors, and other resources.
Commenting on this ambitious partnership, Rajesh Bansal, CEO of RBIH said that RBIH endeavors to promote innovation across the financial system. The startup ecosystem in India have had made a considerable contribution to the nation’s economic development. Through this incubation collaboration, RBIH aims to create a robust environment for a fintech startup to flourish in the country.
