City
Epaper

IDFC FIRST Bank Launches FIRST Wings Start-up Lounge to Empower Indian Start-ups

By ANI | Updated: November 13, 2024 10:20 IST

BusinessWire IndiaBangalore (Karnataka) [India], November 13: IDFC FIRST Bank, today announced the launch of startup lounge an exclusive ...

Open in App

BusinessWire India

Bangalore (Karnataka) [India], November 13: IDFC FIRST Bank, today announced the launch of startup lounge an exclusive space designed to support entrepreneurs and empower early-stage startups in India. Located in Koramangala, Bangalore, this unique space aims to provide essential resources, mentorship, and networking opportunities for entrepreneurs looking to scale their businesses.

On the occasion Bhavesh Jatania, Head Start-up Banking, IDFC FIRST Bank said, "We are excited to announce the IDFC FIRST Bank Start-up Lounge, a first of its kind initiative by a bank in India. The Start-up Lounge will serve as meeting and collaboration point, providing entrepreneurs a conducive environment to innovate and grow. IDFC FIRST Bank will also partner with leading incubators, accelerators, venture capitalists and angel investors, creating synergies that will help startups gain competitive edge in a fast-evolving business environment."

The FIRST Wings Start-up Lounge is equipped with state-of-the-art facilities, including meeting rooms and advanced video conferencing solutions, creating an ideal environment for entrepreneurs, and investors to connect, collaborate and grow.

To provide additional support to the entrepreneurs the Start-up Lounge will also host events:

Knowledge Sessions: Access to a curated knowledge resources and mentorship sessions conducted by industry experts.

Networking Events: Events that connect startups with investors and industry experts.

Pitch Presentations: Present business ideas to potential investors and receive valuable feedback.

Key features of the First Wings Startup Banking Program by IDFC FIRST Bank:

* FIRST Start-up Current Account: Zero fee current account with free banking services with no minimum balance requirement for initial three years for early-stage startups.

* FIRST Bravo Feature: A smart sweep facility that allows startups to earn returns up to 7.25% on idle funds by automatically transferring excess amounts over Rs 2 lakhs into fixed deposits.

* FIRST Business Corporate Credit Card: Designed to help start-ups manage their business expenses with a flexible step-up credit feature.

* Founder Success Program: "LeapToUnicorn" one of its kind initiatives that provides access to mentorship, networking and fundraising opportunities through a meticulously planned journey.

Conclusion

With the support of various ecosystem partners, including investors, government bodies, and accelerators, the FIRST Wings Start-up Lounge aims to act as a catalyst for start-up growth. By bringing together key players in one space, IDFC FIRST Bank is helping startups navigate the complexities of growth and innovation.

(ADVERTORIAL DISCLAIMER: The above press release has been provided by BusinessWire India.will not be responsible in any way for the content of the same)

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Cricket"You should have (Digvesh) Rathi's confidence in you": LSG's Ravi Bishnoi praises young spinner

InternationalPakistan: Court sentences main accused in Imran Khan attack case to life in prison

InternationalSenior Hamas delegation arrives in Cairo to hold talks with Egyptian officials for ceasefire agreement

MumbaiMumbai: BTech Student Among Three Held for Duping Trader of Rs 15 Lakh

NationalPoster controversy: Police disperse protestors in Jaipur, say situation under control

Business Realted Stories

BusinessMillions benefited from Ayushman health cards, now is the time for Delhi: Hardeep Puri

BusinessViksit Bharat will be driven by start-ups and innovation: IIT Madras Director

BusinessIndia sees robust 10.35 pc annual growth in domestic airline passengers in FY25

BusinessSwiggi Instamart to create dedicated 'cooperative' category on its platform, signs MoU

BusinessIDFC FIRST Bank posts nearly 60 pc net profit loss at Rs 295.6 crore in Q4 FY25