SIDBI Centre for Innovations in Financial Inclusion (SCIFI) was established through an agreement between these two leading public institutions, SIDBI and IIM Lucknow on 18th July 2017. IIML SCI-FI aims to nurture start-ups working on financial inclusion aided by technology (FinTech) by providing an enabling environment for growth of ventures. IIML SCIFI seeks to unlock the entrepreneurial potential of the Indian youth through capacity building measures and by mentoring of start-ups in the domain of financial inclusion. The incubation centre seeks to explore, understand and turn tech ideas into reality by providing required mentoring support and access to ecosystem resources.
The key objectives of IIML SCI-FI include:
- Mentoring FinTech start-ups that will create products and services for financial inclusion.
- Promoting discussion forums on FinTech and financial inclusion.
- Spearheading capacity building, knowledge creation and dissemination in the domain of FinTech and financial inclusion.