Thursday, June 8, 2023

India Accelerator partners with ICICI Bank, Infosys Finacle launches program for startups

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India Accelerator, a seed-stage accelerator program, today announced the launch of the i3 Launchpad, a program created to nurture and co-innovate with the startup ecosystem in India.

This has been developed in collaboration with ICICI Bank and Infosys Finacle, part of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys.

The objective of the i3 Launchpad is to support a community of entrepreneurs who are on a mission to create brands that can have a global impact. It is designed to help startups accelerate their success by leveraging mentorship, resources, and opportunities from Infosys Finacle, ICICI Bank, and India Accelerator (IA).

The program is open to startups across all industries and will onboard two cohorts a year, with a target of 12-18 startups in each cohort. Sectors in focus for the first cohort include fintech, enterprise tech & SaaS, proptech, wealthtech, sustainability & greentech, and insurtech.

Founders can join a mix of remote and in-person group learning sessions. Startups who wish to apply can learn more at the I3 Launchpad website.

Speaking on this new initiative, Mr. Deepak Nagpal, Managing Partner, India Accelerator, said, “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”.

Mr. 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.”

Mr. 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”.

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