The idea behind the initiative, called ‘Thought Factory’, is to take innovation to the next level and also keep abreast of changes in technologies. The bank will work with companies in various stages of maturities, including those at the ideation level, he said, adding that there can be two-way benefit to the lender through the initiative.
Axis Bank Limited is the 3rd largest private sector bank in India has launched an innovation lab to smooth start-ups and announced that it will create a dedicated fund to invest in these new-age companies that would benefit its business. The bank launched the 10,000 sq ft lab at Bengaluru with an in-house innovation team, which will host a three-month accelerator programme where companies will get mentored.
So let’s do:
1. Name the Private sector Bank, Which has an innovation lab to hone start-ups ?
Source – The Hindu