Money & Banking

YES Bank launches multi-sector start-up accelerator

Our Bureau Mumbai | Updated on June 15, 2018 Published on June 15, 2018

Leading private sector lender YES Bank has launched an in-house multi-sector start-up accelerator called YES Scale, an ancronym for smart city, clean tech, agri-tech, lifesciences-tech and edu-tech . This is in addition to the bank’s already running accelerator programme, Yes Fintech.

The 15-week programme is aimed at creating financial innovations by sourcing, scaling and sustaining emerging-technology solutions in the abovementioned sectors. It will also bring together over 50 organisations, funds, ecosystems as well as government partners for advisory support.

Rana Kapoor, MD & CEO, YES BANK, said: “The success of the two cohorts of YES Fintech have demonstrated our bank’s strengths in partnering fintechs to co-create banking solutions. Now, with YES Scale, we will replicate this model across focus sectors – Smart Cities, Agriculture, Clean Energy, Education and Healthcare – to build deep interventions jointly with our corporate clients.”

Recently, YES Bank operationalised its agritech start-up acceleration programme under YES Scale with sectoral organisations such as ITC, Nestle, MTR and Amul, committing to adopt solutions scaled up in the programme and commercialising them either through integration in their systems or further distributing the solution with their supply chain partners.

Published on June 15, 2018
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