ICICI Bank Partners with Startup India to Boost Early-Stage and Growth-Stage Startups
MoU to provide accelerator access, mentorship, and pilot opportunities to DPIIT-recognised startups
The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, and ICICI Bank signed a Memorandum of Understanding (MoU) to support startups and innovators nationwide.
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As part of the MoU, ICICI Bank will create and launch a Startup Engagement Program, which will be available on the Startup India portal. This program will connect with Startup India’s wider outreach and visibility efforts to promote adoption and awareness. Startup India will help ICICI Bank with communication, managing program visibility, and facilitating connections with DPIIT-recognized startups across the country.
Selected startups will gain access to ICICI Bank’s accelerator facility in Mumbai, which includes dedicated workspace. They will benefit from a structured curriculum and mentorship from industry leaders. Startups will also have chances to run pilot programs with ICICI Bank business units to test their product-market fit. Additionally, the program will provide networking opportunities with venture capital firms, investors, and potential clients, along with access to industry-specific workshops and innovation showcases.
This collaboration aims to support the growth of product-based startups by offering access to ICICI Bank’s accelerator programs, mentorship, and ecosystem engagement. The partnership, organized under the Startup India initiative, seeks to guide early- and growth-stage startups through a tailored roadmap that aids in business development, product improvement, and operational scaling.
During the event, Joint Secretary of DPIIT, Shri Sanjiv, mentioned that the partnership with ICICI Bank aims to create a lasting impact through meaningful support of startups. He noted that it opens up new avenues for early- and growth-stage entrepreneurs striving to change India’s industrial and financial landscape through technology and innovation.
ICICI Bank Ltd. (BSE: ICICIBANK, NSE: ICICIBANK, and NYSE: IBN) is one of India’s leading private banks. The Bank’s total assets stood at Rs 21,23,839 crore as of June 30, 2025.
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