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Indian start-ups to get access to Nomura's global fund

Nomura said that it has commenced the 'Voyager - Nomura FinTech Partnership' in India

IANS  |  Mumbai 

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Investment bank has decided to set up a $92 million fund to assist start-ups, a senior official said.

In a statement issued here on Wednesday the firm also said that it has commenced the 'Voyager - FinTech Partnership' in India aimed at harnessing emerging technologies to help transform its businesses and services.

"We also plan to create a new 10 billion yen ($92 million/Rs 6 billion)) fund to provide financial support to start-ups. The Voyager initiative in India is a further sign of our commitment to engage with start-ups and encourage financial innovation," Yo Akatsuka, Senior Managing Director, Innovations, Holdings, Inc was quoted as saying in the statement.

is inviting entrepreneurs to participate in the programme to build innovative solutions for capital markets and investment banking that can be deployed across the firm and financial industry, the statement said.

A Innovation Centre (NICe) has been set up at Powai here to provide a platform to start-ups that will be selected for the Voyager programme, the statement said.

"New technology, supported by an innovation-driven ecosystem, has resulted in an environment of increasing collaboration between new and traditional market players," R.K. Rangan, President & CEO, Services India was quoted as saying in the statement.

"Building on this momentum, Voyager is a programme for start-ups to engage with to drive innovation through its global network."

According to Nomura, entrepreneurs working at NICe will get access to the company's resources and test their concepts and solutions, leveraging the firm's people, process and technology.

The partnership could lead to start-ups potentially gaining as a client and/or an investor, the statement said.

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Indian start-ups to get access to Nomura's global fund

Nomura said that it has commenced the 'Voyager - Nomura FinTech Partnership' in India

Nomura said that it has commenced the 'Voyager - Nomura FinTech Partnership' in India

Investment bank has decided to set up a $92 million fund to assist start-ups, a senior official said.

In a statement issued here on Wednesday the firm also said that it has commenced the 'Voyager - FinTech Partnership' in India aimed at harnessing emerging technologies to help transform its businesses and services.

"We also plan to create a new 10 billion yen ($92 million/Rs 6 billion)) fund to provide financial support to start-ups. The Voyager initiative in India is a further sign of our commitment to engage with start-ups and encourage financial innovation," Yo Akatsuka, Senior Managing Director, Innovations, Holdings, Inc was quoted as saying in the statement.

is inviting entrepreneurs to participate in the programme to build innovative solutions for capital markets and investment banking that can be deployed across the firm and financial industry, the statement said.

A Innovation Centre (NICe) has been set up at Powai here to provide a platform to start-ups that will be selected for the Voyager programme, the statement said.

"New technology, supported by an innovation-driven ecosystem, has resulted in an environment of increasing collaboration between new and traditional market players," R.K. Rangan, President & CEO, Services India was quoted as saying in the statement.

"Building on this momentum, Voyager is a programme for start-ups to engage with to drive innovation through its global network."

According to Nomura, entrepreneurs working at NICe will get access to the company's resources and test their concepts and solutions, leveraging the firm's people, process and technology.

The partnership could lead to start-ups potentially gaining as a client and/or an investor, the statement said.

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Business Standard
177 22

Indian start-ups to get access to Nomura's global fund

Nomura said that it has commenced the 'Voyager - Nomura FinTech Partnership' in India

Investment bank has decided to set up a $92 million fund to assist start-ups, a senior official said.

In a statement issued here on Wednesday the firm also said that it has commenced the 'Voyager - FinTech Partnership' in India aimed at harnessing emerging technologies to help transform its businesses and services.

"We also plan to create a new 10 billion yen ($92 million/Rs 6 billion)) fund to provide financial support to start-ups. The Voyager initiative in India is a further sign of our commitment to engage with start-ups and encourage financial innovation," Yo Akatsuka, Senior Managing Director, Innovations, Holdings, Inc was quoted as saying in the statement.

is inviting entrepreneurs to participate in the programme to build innovative solutions for capital markets and investment banking that can be deployed across the firm and financial industry, the statement said.

A Innovation Centre (NICe) has been set up at Powai here to provide a platform to start-ups that will be selected for the Voyager programme, the statement said.

"New technology, supported by an innovation-driven ecosystem, has resulted in an environment of increasing collaboration between new and traditional market players," R.K. Rangan, President & CEO, Services India was quoted as saying in the statement.

"Building on this momentum, Voyager is a programme for start-ups to engage with to drive innovation through its global network."

According to Nomura, entrepreneurs working at NICe will get access to the company's resources and test their concepts and solutions, leveraging the firm's people, process and technology.

The partnership could lead to start-ups potentially gaining as a client and/or an investor, the statement said.

image
Business Standard
177 22