Axis Bank has zeroed in on Zone Startups to manage its newly launched accelerator program at ‘Thought Factory’, Axis Bank’s Innovation Lab in Bangalore. This makes Axis Bank the first Indian bank to set up an innovation lab which will include an accelerator. Zone Startups will concentrate on developing prototypes that address internal technology problem statements floated by Axis Bank.
The announcement comes soon after Zone Startups, the accelerator operated by Toronto-based Ryerson Futures, launched a fintech accelerator in Mumbai with an international bank. Ryerson has launched a total of six accelerators, with our accelerators under the Zone Startups brand. Toronto based Ryerson Futures launched its first accelerator program- Zone Startups India- in 2013. t was launched through a joint venture with BSE Institut in Mumbai. the accelerator program’s success led it to receive a grant from the Department of Science and Technology, Government of India.