In this video:
Hitesh Sachdev, Head – Startup Engagement & Investments, ICICI Bank Limited
Topic: Driving Innovation Through Start-up Collaboration – ICICI Bank’s Approach to Engaging with Start-ups, Innovation, and Investments
Key Highlights:
[1] ICICI Bank partners with startups and co-creates products with them that are in alignment with its digital roadmap and innovation platform.
[2] Innovation at ICICI Bank is done with predefined objectives like increasing revenue, reducing costs, improving digital experiences, or mitigating risks.
[3] Working with startups brings agility, helps with more experimentation, promotes innovation at the edges, and strengthens ICICI Bank’s core.
[4] ICICI Bank has set up a lab in Mumbai where startups operate, interact with bank teams, and create products that the bank later consumes.
[5] Startups in the lab get support and mentorship from ICICI Bank throughout their product creation journey, with the assurance that the bank will eventually purchase their products.