The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, and ICICI Bank have signed a Memorandum of Understanding (MoU) to extend support to startups and innovators nationwide.
As part of the agreement, ICICI Bank will design and launch a Startup Engagement Programme on the Startup India portal, seamlessly integrated with broader outreach and visibility initiatives to ensure maximum adoption.
Selected startups under the initiative will gain access to ICICI Bank’s Mumbai-based accelerator facility, which will offer dedicated workspaces and a structured curriculum.
Startups will also benefit from mentorship by industry leaders and opportunities to run pilot programmes with ICICI Bank’s business units to test product-market fit.
Additionally, the programme will create networking avenues with venture capital firms, investors, and clients, while enabling participation in innovation showcases and sector-specific workshops.
The collaboration aims to support product-based startups through tailored engagement roadmaps that enhance business development, refine products, and help scale operations.
The initiative, aligned with Startup India, highlights ICICI Bank’s commitment to empowering early- and growth-stage startups by integrating them into the financial and industrial ecosystem.
Joint Secretary of DPIIT, Shri Sanjiv, noted that the partnership is designed to create a lasting impact by providing meaningful engagement with entrepreneurs. He emphasised that it will open new avenues of support for startups driving innovation in India’s industrial and financial landscape.
On September 5, 2025, ICICI Bank share price (NSE: ICICIBANK) opened at ₹1,411.00, touching the day’s low at ₹1,401.70, as of 9:36 AM on the NSE.
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The DPIIT–ICICI Bank collaboration strengthens Startup India’s mission by giving startups access to resources, mentorship, and opportunities for sustainable growth.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Sep 5, 2025, 11:06 AM IST
Nikitha Devi
Nikitha is a content creator with 7+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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