Fintech startups as part of the FINN X Accelerator programme at IIMK LIVE willreceive mentorship, training, market access and funding support from IFSCAunder its FinTech Grant scheme which offers grants up to Rs 75 lakhs.
Kozhikode, NFAPost: The Laboratory for Innovation Venturing and Entrepreneurship (LIVE) of the Indian Institute of Management Kozhikode (IIM Kozhikode) and the International Financial Services Centers Authority (IFSCA) inked a historic agreement to aid fintech startups in India.
International Financial Services Centres Authority (IFSCA) and LIVE, IIMK’s startup incubator have agreed to mutually cooperate and collaborate to support and facilitate FinTech startups by launching the fintech accelerator program FINN X . IFSCA is a statutory authority established by Government of India.
The Fintech startups as part of the FINN X Accelerator programme at IIMK LIVE will receive mentorship, training, market access and funding support from IFSCA under its FinTech Grant scheme which offers grants up to Rs.75 lakhs.
IFSCA will allow FinTechs registered with IIMK LIVE to list on International exchanges with IFSC to raise capital. Apart from this Both parties will collaborate with each other in FinTech events, global hackathons, and educational programs organised by them jointly from time to time. The agreement was signed between IIMK LIVE Executive Director Rajesh Upadhyayula and IFSCA Chief Technology Officer Joseph Joshy.
In his message commemorating the landmark signing of the MoU, IIMK LIVE Board of Governors Chairman and Director IIM Kozhikode Debashis Chatterjee added this collaboration with IIMK LIVE and IFSCA is phenomenal.
“IIMK LIVE and IFSCA can provide mentorship, market access, and funding support to FinTech startups. Our Innovation Center LIVE has scripted transitions for many successful early-stage startups, and we forecast a new emphasis on ‘innovation’ in the finance sector as a result of this game-changing collaboration,” said IIMK LIVE Board of Governors Chairman and Director IIM Kozhikode Debashis Chatterjee.
Established in June 2016, IIMK LIVE is envisioned to function as a business incubator with a purpose of creating a National Centre of Excellence that promotes innovation, new business venturing and entrepreneurship.
