IIMK LIVE and Reserve Bank Innovation Hub Forge Strategic Partnership to Transform India’s Fintech Landscape
Kozhikode: IIM Kozhikode’s Laboratory for Innovation Venturing and Entrepreneurship (IIMK LIVE) and the Reserve Bank Innovation Hub (RBIH) have joined forces to revolutionize the Fintech sector in India. The two organizations signed a Memorandum of Understanding (MoU) today to drive innovation, research, and support for startups in the financial technology space. This collaboration aims to create a unified and robust ecosystem that accelerates the growth and development of Fintech in the country.
The MoU was officially signed at IIM Kozhikode’s campus by Prof. Ashutosh Sarkar, Executive Director of IIMK LIVE, and Mr. Aakarsh Naidu, Head of Fintech and Startups at RBIH. This partnership underscores a shared commitment to enhancing India’s Fintech landscape by pooling resources, expertise, and innovative strategies to foster a culture of growth and entrepreneurship.
Announcing the program, Prof. Debashis Chatterjee, Director IIMK & Chairman IIMK LIVE, “We are thrilled to announce this strategic collaboration with the Reserve Bank Innovation Hub, which marks a significant milestone in our ongoing efforts to foster innovation and entrepreneurship in the Fintech sector. At IIM Kozhikode and IIMK LIVE, we believe in the power of collaboration to drive meaningful change. This MoU will enable us to leverage our combined strengths to create a vibrant ecosystem that supports startups, advances cutting-edge research, and ultimately accelerates the growth of financial technology in India. We look forward to the transformative impact this partnership will have on the industry and on our future leaders.”
Mr. Rajesh Bansal, CEO of Reserve Bank Innovation Hub (RBIH), further added “This partnership between RBIH and IIMK LIVE is a significant step forward in our mission to foster a thriving fintech ecosystem in India. By combining our expertise in innovation, research, and entrepreneurship, we are laying the foundation for a new wave of fintech entrepreneurship and solutions to empower a billion Indians with frictionless finance. Together, we can make India a Fintech Nation.”
The Reserve Bank Innovation Hub is a wholly owned subsidiary of the Reserve Bank of India (RBI) set-up to promote and facilitate an environment that accelerates innovation across the financial sector.
IIMK LIVE (Laboratory for Innovation Venturing and Entrepreneurship) is a business incubator and entrepreneurship development centre at the Indian Institute of Management Kozhikode (IIMK). It aims to foster an entrepreneurial culture and support the creation of impactful ventures through mentorship, funding, and access to IIMK’s extensive resources.