MUMBAI- ICICI Bank took a worthy step by tying up with 22 educational institutions to fund ideas of student.
The bank has tied with top level institutes such as IIT-Delhi, Indian Institute of Information Technology-Hyderabad, Birla Institute of Technology-Mesra, and PEC Chandigarh in the past two years.
"In the initial period, the startups enjoy the selected rights to do business with ICICI Bank," said an ICICI Bank spokesperson.
Over 3000 students with 650 ideas have participated in its programmes with funds ranging from Rs 5 lakh to Rs 25 lakh.
"We screened 200 applications and shortlisted six last year," said the person.
To deal with startups and sponsored IIT-Bombay's Indus Entrepreneurs Smash Up event, a 20-member team was formed by the bank in Mumbai.
Followed by this, Citigroup- Global Giant Group introduced corporate accelerator programme to get involved with startups.