IIT Madras, RBI Innovation Hub join hands to boost fintech startups

India's leading deep-tech startup hub spearheaded by IIT Madras Incubation Cell (IITMIC) and RBI Innovation Hub (RBIH), a wholly owned subsidiary of Reserve Bank of India, have signed a Memorandum of Understanding (MoU) to work together in developing the ecosystem necessary to support and scale fintech startups in India.

Through this strategic collaboration, the two organizations will jointly provide incubation support and nurture early-stage startups with innovative and disruptive solutions and accelerate their scale-up journey.

Select startups incubated at IITM Incubation Cell will be considered from time to time by RBIH for co-incubation and thereby receive strategic and operational guidance, training and