In an effort to promote innovation and entrepreneurship among youth, Jamia Millia Islamia in collaboration with ICICI Bank today launched a programme to encourage university students to develop their ideas into successful business ventures.
The programme, ICICI Trinity, was launched in the presence of Jamia faculty members and ICICI Bank's zonal business head Akshay Chaturvedi, according to release issued by the university.
The university has signed an MoU with the private bank for the programme which aims to provide a platform for young minds to innovate in the field of banking, financial services and insurance, the release said.
The programme consists of three main stages -- Ideate, Prototype and Be an Entrepreneur.
Students will have to submit their concept which will be screened by an assessment panel of ICICI Bank. Shortlisted students will be asked to present their ideas in detail to the assessment panel, it said.
The selected ideas will move to the second stage and qualifiers will be given necessary funding and mentoring to create a prototype of their idea.
Participants with the best prototype will be given cash awards up to Rs 25 lakh, the release said.
If selected, ICICI Bank will also help fund and develop the winning prototype into a successful business venture.
