SIDBI, IIM Lucknow launch fintech incubator called SCI-FI

SCI-FI will mentor fintech start-ups to create products and services for financial inclusion

Small Industries Development Bank of India (SIDBI) is looking at setting up business, financial and technology incubation centres as a leg up to Start Up India, Digital India, and Universal Financial Inclusion themes of the Narendra Modi government.

In this series, SIDBI has now launched a financial technology incubator at Indian Institute of Management, Lucknow (IIM-L), for nurturing high-impact technologies towards the financial inclusion agenda. The incubator is named SIDBI Centre for Innovations in Financial Inclusion (SCI-FI).

The Centre would handhold financial technology ideas into reality. IIM-L would provide the required managerial and technological resources and support towards the incubation