India's deep-tech start-up hub, spearheaded by IIT Madras Incubation Cell (IITMIC), Software Technology Parks of India (STPI) and AIC STPINEXT Initiatives, have signed a Memorandum of Understanding (MoU) to work together in developing the ecosystem necessary to identify, support and scale innovative FinTech start-ups in India.
Through this collaboration, FinBlue, STPI’s FinTech Incubator, and IITM Incubation Cell will jointly incubate start-ups at different stages, developing pioneering solutions in financial technology. Incubatees will receive value-added support including mentorship from domain/industry experts, training, access to a large network of banking & financial institutions and investors, business support services and infrastructure/workspaces.
Over the last 9 years of its operations, the IITMIC has overseen over 255 new incubations, founded by IITM members (faculty, staff, students, and alumni) and external entrepreneurs (50%). The companies span the breadth of deep tech areas in globally critical domains, including manufacturing, robotics, energy, e-mobility, IoT, AI/ML, space, healthcare, water, agri-tech.
