DPIIT signs MoU with ICICI Bank to support startups across India

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry signed a Memorandum of Understanding (MoU) with ICICI Bank to support startups and innovators across the country. Under the MoU, ICICI Bank will design and roll out a Startup Engagement Programme, which will be hosted on the Startup India portal. The Startup India will support ICICI Bank in amplifying communication, managing programme visibility, and enabling connections with DPIIT-recognised startups across India.

DPIIT signs MoU with ICICI Bank to support startups across India

DPIIT and ICICI Bank sign MoU to support startups across India

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, and ICICI Bank signed a Memorandum of Understanding (MoU) to support startups and innovators across the country.

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Under the MoU, ICICI Bank will design and roll out a Startup Engagement Programme, which will be hosted on the Startup India portal.

The programme will be seamlessly integrated with Startup India’s broader outreach and visibility initiatives to ensure maximum adoption and awareness. Startup India will support ICICI Bank in amplifying communication, managing programme visibility, and enabling connections with DPIIT-recognised startups across India.

The DPIIT and ICICI Bank initiative will provide selected startups with access to ICICI Bank’s Mumbai-based accelerator facility, including dedicated workspace. They will benefit from a structured curriculum and mentorship by industry leaders, along with opportunities to run pilot programmes with ICICI Bank business units to validate product-market fit.

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The programme will also extend networking opportunities with venture capital firms, investors, and potential clients, in addition to enabling participation in industry-specific workshops and innovation showcases.

The DPIIT and ICICI Bank collaboration seeks to foster the growth of product-based startups by offering them access to ICICI Bank’s accelerator programmes, mentorship opportunities, and ecosystem engagement.

The partnership, hosted under the Startup India initiative, aims to guide early- and growth-stage startups through a tailored engagement roadmap that supports business development, product refinement, and operational scale-up.

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About DPIIT

The Department for Promotion of Industry and Internal Trade (DPIIT) was founded in 1995 and later expanded in 2000 through the merger with the Department of Industrial Development.

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It is working under the Ministry of Commerce and Industry, Government of India. This department is responsible for formulation and implementation of promotional and developmental measures for growth of the industrial sector, keeping in view the national priorities and socio-economic objectives.

Static Current Affairs related to DPIIT for upcoming exams

• Full form of DPIIT: Department for Promotion of Industry and Internal Trade
• Minister responsible: Piyush Goyal, Minister of Commerce and Industry
• Secretary: Amardeep Singh Bhatia