Private sector lender Axis Bank launched an innovation lab
on Wednesday to hone 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.
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.
About Start up:
Startup India in an action plan to develop an ecosystem to
promote and nurture entrepreneurship across the country. This is based on an
action plan aimed at promoting bank financing for start-up ventures to boost
entrepreneurship and encourage startups with jobs creation. The campaign was
first announced by Prime Minister Modi in his 15 August 2015
Benefit of Start up:
Important question for Competitive Exam from this Current Affairs
- Freedom from Capital gain tax for 3 years
- Freedom from tax in profit for 3 years
- 80% reduction in patent registration fees
- The government is launching a mobile app on 1 April 2016 and a portal that will allow companies to register in a day
- Rs10,000-crore fund for new enterprises
- Rs500-crore credit guarantee scheme and easier exit norms
- Japanese Softbank, which had already invested $2 billion in Indian startups, has pledged total investments of $10 billion
- Encourage entrepreneurship
- Which bank launch a innovation lab for Start up: a)State Bank of India b)Yes Bank c)Axis Bank d)ICICI Bank
- Headquarter of Axis Bank: a)New Delhi b)Mumbai c)Bengaluru d)Chennai
- Present Md and CEO of Axis Bank: a)Shikha Sharma b)Bhupen Bhandari c)Rakesh Sharma d)Aditya Puri
0 comments:
Post a Comment