(MENAFN- KNN India)
Bangalore, Nov 13 (KNN) IDFC FIRST bank has unveiled its highly anticipated Start-up Lounge, a first-of-its-kind initiative designed to support and empower early-stage startups across India.
Situated in the bustling startup hub of Koramangala, Bangalore, this innovative space will provide entrepreneurs with essential resources, mentorship, and networking opportunities to help scale their businesses.
Speaking at the launch, Bhavesh Jatania, Head of Start-up banking at IDFC FIRST Bank, expressed his excitement, stating, "We are thrilled to introduce the IDFC FIRST Bank Start-up Lounge.
This initiative will be a dedicated meeting and collaboration space, designed to foster an environment where entrepreneurs can innovate, connect, and grow.
In addition to offering key resources, we will be partnering with top incubators, accelerators, venture capitalists, and angel investors to create valuable synergies that will give startups the competitive edge they need in a rapidly evolving market."
The FIRST Wings Start-up Lounge boasts state-of-the-art facilities, including fully-equipped meeting rooms and advanced video conferencing solutions.
These modern amenities are designed to create an ideal environment where entrepreneurs and investors can come together to collaborate, share ideas, and develop strategies for growth.
The lounge is designed to foster innovation and create meaningful connections, providing an invaluable space for startup teams to work efficiently and effectively.
To further support the growth of startups, the lounge will host a series of events aimed at providing additional resources, mentorship, and networking opportunities.
These events will focus on equipping entrepreneurs with the tools they need to navigate the complexities of building a business, from funding and scaling to market entry and expansion.
IDFC FIRST Bank's FIRST Wings Startup Banking Program offers several benefits tailored to the unique needs of early-stage startups. The FIRST Start-up Current Account provides a zero-fee account with no minimum balance requirement for the first three years, ensuring that early-stage businesses can manage their finances without the burden of high fees.
The bank also offers the FIRST Bravo Feature, a smart sweep facility that allows startups to earn returns of up to 7.25 per cent on idle funds exceeding Rs 2 lakhs. This innovative feature automatically transfers excess funds into fixed deposits, helping startups grow their capital while keeping their working funds easily accessible.
In addition, the FIRST Business Corporate Credit Card is designed to help startups manage their business expenses with a flexible credit feature that scales as the business grows. This card allows entrepreneurs to manage cash flow more effectively while focusing on building their businesses.
Furthermore, the Founder Success Program includes the LeapToUnicorn initiative, a unique program that offers access to mentorship, networking, and fundraising opportunities.
This initiative provides entrepreneurs with a carefully planned journey, guiding them through the challenges of scaling their businesses and connecting them with key players in the startup ecosystem.
(KNN Bureau)
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