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Jaipuria Institute of Management, Indore and Idealabs FutureTech Ventures today signed a Memorandum of Understanding (MoU) for setting up Jaipuria Startup Studio :Centre of Excellence in Fintech, Innovation & Entrepreneurship.


The MoU was signed (in an online meeting), by Prof. Prithvi Yadav, Director, Jaipuria Institute of Management, Indore and Pankaj Diwan, Founder, Idealabs FutureTech Ventures. The Jaipuria Startup Studio will host an Incubation Centre exclusively for Startups in Fintech with emerging technologies. The CoE shall include Digital Labs on emerging technologies. Innovation events such as Ideathons, B-Plan Contests. The startup studio will run a Startup Accelerator culminating into an Investor Meet, as part of the Annual Startup Fest showcasing the best innovations and startups. The CoE will also conduct skilling programmes and joint certification on Fintech and emerging technologies.


Speaking on this collaboration, Mr. Prasanna Lohar, Chief Innovation Officer, DCB Bank and the Chief guest of the event congratulated Jaipuria Institute for this thought leadership initiative.


He further added “India is amongst the fastest growing FinTech markets in the world. India ranked the highest globally in the FinTech adoption rate with China. Adoption of technology has a huge potential to disrupt the current and traditional banking system, the FinTech space is now gaining traction in the areas of lending, asset management, deposits and credit system. There is also a strong push from the government especially in digital payments which has redefined the financial inclusion statistics in India.


We are extremely happy to partner with Idealabs and keen on helping Academia build students with Innovation and entrepreneurial mindset.


Speaking on the occasion, Dr.Yadav said, We hope to make our Institute as a hub for Innovation and Entrepreneurship and benefit students and professionals in our entire region. We are very excited about this partnership with Idealabs which has a strong track record in Academic Innovation and emerging technologies.


Speaking on the Occasion, Dr.Priti Bakshi, Chairperson – Entrepreneurship Cell Jaipuria Institute of Management Indore, India, said, The Centre of Excellence on FinTech with Emerging Technologies will enable Startups, Students, Researchers to collaborate and innovate and create path breaking solutions. They will get access to latest tools, domain expertise and mentoring, connect with investors and support for GoToMarket.


Speaking on the occasion, Pankaj Diwan, Founder, Idealabs Future Tech Ventures said, there is a scope for FinTech startups to make use of new-age technologies to overcome challenges and build products and services that impact financial inclusion, last mile reach and delivery, alternative credit models, fraud detection, regulatory compliance, enterprise automation for accounting.


About Idealabs

Idealabs is a Hyderabad based leading technology company and works with policy makers, corporates & universities in providing solutions for upskilling on emerging technologies, promoting product thinking, innovation, and entrepreneurship. Idealabs has partnered with leading companies such as Microsoft and Tech Mahindra for Technology expertise and several leading companies and Industry bodies in Fintech.


Idealabs has been pioneering Academic Innovation for the last 15 years. The company has built the country’s largest academia – industry ecosystem with more than 150 industry mentors, 100+ educational institutes, multiple start-up accelerators and incubation hubs and 300K+ professionals. Idealabs group has successfully concluded 190+ innovation & technology programs and incubated 50+ new product ideas.


About Jaipuria Institute of Management- Indore

Jaipuria Institute of Management- Indore was established in 2010 and is situated in a picturesque location, fully equipped campus having modern amenities to facilitate learning in a digital based business learning environment. Spearheaded by Dr. Prithvi Yadav, the institute goes beyond conventional education methodologies where students are not merely learners but also contributors. The curriculum and the unique teaching-learning processes ensure transformation its students and empower them with capabilities to build innovative business models and formats. The integration of digital business management (DBM) to the traditional PGDM program differentiate Jaipuria Indore with an edge over other B-Schools. The institute offers 2 years, NBA Accredited, AIU, AICTE approved PGDM program. Jaipuria Group of Institutes has been certified consecutively for the second time as “Great Workplace” by the organisation Great Place to Work, India.